Former Coty and Holland & Barrett CEOs Join Apollo’s Team, but Future Role Uncertain

  • Apollo Global Management hires former Coty and Holland & Barrett CEOs Camillo Pane and Tony Buffin to advise on its offer for THG
  • THG’s operating loss more than doubles to £495.6m in FY22 due to various costs
  • No certainty of a firm offer being made by Apollo, says THG

Apollo Global Management has enlisted the help of former Coty and Holland & Barrett CEOs Camillo Pane and Tony Buffin to advise on its offer for THG. It is unclear if either would have a role in the business should an offer be successful, as Apollo aims to strengthen its position before the 15 May deadline for formal bids. Last month, THG confirmed it received a preliminary and non-binding proposal from Apollo to acquire the company, but stated there is ‘no certainty’ of a firm offer being made. The group’s operating loss more than doubled to £495.6m in its FY22 results due to factors including a £275.4m non-cash impairment and additional costs. If an offer is made, further announcements will be made accordingly.

Factuality Level: 8
Factuality Justification: The article provides relevant information about Apollo Global Management’s potential acquisition of THG and the involvement of former CEOs Camillo Pane and Tony Buffin as advisors. It also mentions the deadline for formal offers and THG’s recent financial losses. The information is based on a news source (Sky News) and includes quotes from THG’s statement about the situation.
Noise Level: 6
Noise Justification: The article provides relevant information about Apollo Global Management’s potential acquisition of THG and the involvement of former CEOs Camillo Pane and Tony Buffin. However, it lacks in-depth analysis or actionable insights, and the focus on the operating loss may be considered as repetitive information.
Financial Relevance: Yes
Financial Markets Impacted: Apollo Global Management, THG
Financial Rating Justification: The article discusses a potential acquisition of THG by Apollo Global Management, which would impact the financial markets and companies involved in the deal.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

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