Matthew Moulding pledges to donate £100 mn for charity

Wednesday 21st April 2021 06:22 EDT

Self-made billionaire and The Hut Group founder, Matt Moulding has pledged to donate £100m to the Moulding Foundation, a charity set up to help victims of domestic violence and homelessness. The company revenue soared 41.5 per cent to £1.6 billion in 2020, and underlying profits climbed 35 per cent to £151 million. The decision reportedly came after Moulding met Microsoft founder Bill Gates.

The 49 year old rose to fame in 2004 with THG, as a retailer of Cds for supermarkets. It has since grown into a network of 200 websites, and a group of beauty brands. THG also owns two cargo jets and a technology division that helps other consumer brands sell their products online.

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