THE WHAT? SoftBank has sold its stake in THG to Co-Founder Matthew Moulding and Qatar’s sovereign wealth fund for £31 million – a catastrophic loss on the £481 million investment made in 2021.
THE DETAILS The bank purchased the 8 percent stake in May 2021 just before the company floated on the London stock exchange, and while shares initially rose 10 percent, they plummeted 86 percent over the past year as the beauty platform continues to struggle.
THG owns websites such as Lookfantastic, Glossybox, Zavvi and Coggles.
THE WHY? According to the Guardian, SoftBank offloading of its stake in THG comes amidst the decision to liquidate its internal hedge fund SB Northstar, which has amassed losses of around US$6bn (£5bn).
SB Northstar is set to sell 80.6 million shares in THG – it’s entire shareholding – to Qatar Investment Authority and Moulding.
Injectable aesthetics are popular due to their ability to provide noticeable results with minimal downtime compared to surgical procedures. They are versatile and can be tailored to meet individual aesthetic goals, whether it's enhancing lips, restoring facial volume, or smoothing out wrinkles. However, they should always be administered by qualified professionals to ensure safety and achieve optimal results.
Injectable aesthetics are used to enhance facial features, reduce the signs of aging, and improve overall facial symmetry and appearance.
Key types of injectable aesthetics include:
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Dermal Fillers: These injectables are used to add volume, fill in wrinkles and folds, and enhance facial contours. They often contain substances like hyaluronic acid, collagen, or calcium hydroxylapatite, which help plump up the skin and smooth out fine lines and wrinkles.
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Botulinum Toxin (Botox): Botulinum toxin injections temporarily relax facial muscles that cause wrinkles and lines to form. It is commonly used to treat forehead lines, frown lines between the eyebrows, and crow's feet around the eyes.
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Collagen Stimulators: These injectables stimulate the body's own collagen production, helping to improve skin texture and firmness over time. Examples include poly-L-lactic acid (Sculptra) and calcium hydroxylapatite (Radiesse).
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Neurotoxin Injections: Besides Botox, other neurotoxins such as Dysport and Xeomin are used similarly to reduce wrinkles and lines.
