Matthew Moulding’s THG denies magnificence supplying row

By Becky Bargh
21-Feb-2022

Stories revealed that Dermalogica had decreased provides to the e-commerce large over issues that it was too aggressively discounting merchandise, which THG rebuffed

Matthew Moulding’s THG has denied allegations that it’s on the centre of a row with magnificence suppliers over discounting.

A report by The Telegraph revealed that Dermalogica, a premium skincare title owned by Unilever, had curbed provides of its merchandise to the e-commerce large over issues that it was too closely discounting merchandise to hit gross sales targets.

Different magnificence manufacturers have been additionally mentioned to have held again on supplying to THG.

One inside supply advised the publication that Dermalogica was “not the one one”.

“Working with THG isn’t straightforward due to the excessive revenue margins they want, however after they tear down your model too, it’s not value it,” they advised the group.

Nonetheless, a spokesperson for THG denied the findings to Cosmetics Enterprise.

Unilever has been contacted for remark.

THG is the proprietor of pure play magnificence e-tailers Cult Magnificence, Lookfantastic and Dermstore.

Buyout looms

The spat comes throughout a turbulent interval for Moulding’s enterprise, which has seen shares stoop greater than 80% within the final 12 months.

Now, personal fairness companies are regarded as circling the e-commerce firm for a buyout.

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THG additionally owns magnificence manufacturers ESPA, Dr Perricone and Illamasqua.

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