British retailer THG has announced that it has acquired London-based financial and business publication, City A.M. The Manchester-headquartered firm will invest in both editorial and technological resources for the newsroom as well as expanding the paper’s lifestyle and sports categories, with further investment into new areas including sustainability, wellness technology and beauty. 

The post-deal business, which has been purchased in a pre-pack deal from appointed administrators BDO, will also invest in further events building on existing set-pieces including the City A.M. Awards and THG’s annual Future of Commerce event. 

The acquisition will see City A.M.’s 40 editorial and commercial staff join the THG Group.

Read the full story here: cityam.com.