THG brands

The troubled online beauty retailer THG faces pressure on its cashflow after a leading credit insurer reduced cover to its suppliers. The Guardian revealed Allianz Trade, one of the UK’s largest credit insurers, cut back cover for suppliers to the beauty-to-nutrition retailer, formerly known as the Hut Group, in recent weeks.

The insurer’s decision is the latest headache for THG – previously known as The Hut Group – and its founder Matt Moulding (The Mail).

The business editorial in The Guardian says ‘now would be a good moment for the chair of THG to find his voice’.

AG Barr has agreed to acquire the remaining stake it does not hold in oat milk producer Moma Foods for £3.4m (The Mail).

Amazon has finalised a deal with EU antitrust regulators to settle concerns that its use of non-public data undermines rivals, announcing new measures to level the playing field for sellers in its marketplace (The Financial Times £).

Amazon has agreed a deal with EU regulators to settle two long competition inquiries and avoid a potential $47bn fine (The Times £).