Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guides
Guidance and tools
Shares
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks Stock plan guidance
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
THG inks new 10-year strategic partnership with Maximo Group
(Sharecast News) - Technology platform operator THG has struck a new 10-year strategic partnership with beauty e-commerce retailer Maximo Group. THG said on Thursday that the partnership will initially focus on re-platforming Maximo's All Beauty and Fragrance Direct websites to its Ingenuity platform, and highlighted that THG Ingenuity will also become Maximo's "key UK operational partner", providing warehouse and fulfilment services from the second quarter of 2023.
The London-listed group stated the partnership was expected to add in excess of £150.0m gross merchandise value to the Ingenuity platform per annum, with the ambition to re-platform the site by the end of Q2.
Analysts at Liberum said: "This is a positive sign which shows that the shift in Ingenuity strategy to focus on bigger clients is starting to bear fruits.
"We believe larger scale client wins are key to a re-rating as it allows the group to leverage the excess capacity and meaningfully improve free cash flow and returns on capital. We remain 'hold' for now but further Ingenuity wins, and more clarity on the economics of the contracts with bigger enterprise clients, would make us more positive."
THG will publish its results for the year ended 31 December on 18 April.
As of 0915 BST, THG shares were up 6.15% at 67.62p.
Reporting by Iain Gilbert at Sharecast.com
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Diversity, Equity & Inclusion Reports | Doing Business with Fidelity | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing programme
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
