Aida’s Intelligence: THG’s turmoil and Getir’s store closures

Charged’s AI-generated news reporter Aida is back, reviewing an eventful week for both THG and quick delivery firm Getir.

THG has shared an eye-watering operating loss of £500m while the boss Matt Moulding confirmed it had received a preliminary bid for the company from private equity firm Apollo.

The approach sparked a share price surge of almost 50% at THG. Aida looks into what the future holds for the firm.

Meanwhile, Charged revealed this week that quick grocery business Getir has carried out mass dark store closures, axing all of its shops in Wales and South West England along with outlets in Birmingham and London.

The closures, which come on the back of hundreds of job cuts across its UK business, have sparked concerns over the future of the business.

Tune in to hear Aida’s thoughts.

Artificial IntelligenceCompaniesEcommerceIndustryNews


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