Myprotein

Last updated

Myprotein
Myprotein logo 2023.png
Product type Bodybuilding supplements, athleisure
Owner THG plc
CountryUnited Kingdom
Introduced2004
Related brands
  • Myvitamins
  • Myvegan
  • MyPRO
  • MP Activewear
MarketsWorldwide
Website myprotein.com

Myprotein is a British bodybuilding supplement brand which has developed into a family of brands, including Myvitamins, Myvegan, MyPRO and MP Activewear. It was founded in 2004 by Oliver Cookson and bought by The Hut Group in 2011. [1] [2]

Contents

History

Myprotein was founded in 2004 by Oliver Cookson and acquired by British e-commerce company, The Hut Group, in June 2011. [1] [2]

In December 2015, Myprotein announced an agreement with Kentucky Cabinet for Economic Development to build their first production facility outside the UK in Bullitt County, Kentucky. Myprotein (registered as Cend Limited) invested $17 million to rent a production and distribution facility that planned to create 350 new jobs in the region. [3]

Sponsorships

Myprotein has partnered with various competitive sports teams from across the UK and Canada.

Controversies

In 2014, The Hut Group sued Oliver Cookson for £15 million, alleging that he and his off-shore trust had overstated the profits of Myprotein prior to its acquisition by The Hut Group in 2011. Cookson counter sued for £12.7 million claiming a breach of warranty and fraudulent misrepresentation. The matter went to the High Court in London in October 2014 and, after a month-long trial, judgement was given by William Blair in November 2014 awarding Cookson an overall net result win of £6.5m in damages. [12] [13]

At the costs hearing in December 2014, the judge awarded a payment of just under £7.5 million to be made by The Hut Group to Cookson and the Trust in respect of all of the claims and counterclaims in the action and one third of the costs incurred by Cookson and the Trust. [14]

Cookson and the Trust appealed the court's decision to award The Hut Groups damages. [15] The court of appeal dismissed the appeal on 22 March 2016. [16]

Related Research Articles

<span class="mw-page-title-main">London Broncos</span> English professional rugby league club

The London Broncos are a professional rugby league club based in Wimbledon, England. They play their home games at Plough Lane and compete in Super League, the top tier of British rugby league.

<span class="mw-page-title-main">Martin Offiah</span> Great Britain and England international rugby league and union player and commentator

Martin Nwokocha Offiah MBE ; born 29 December 1965) is an English former professional rugby league and rugby union footballer who played in the 1980s, 1990s and 2000s. Offiah was inducted into the Rugby League Hall of Fame in 2013. He scored over 500 tries during his rugby league career, making him the third-highest try scorer of all time, and now features in a statue of great rugby league players outside Wembley Stadium.

<span class="mw-page-title-main">Paul Sculthorpe</span> Former GB & England international rugby league footballer

Paul Sculthorpe MBE is an English former professional rugby league footballer who played as a loose forward, stand-off or second-row forward in the 1990s and 2000s. He played for England and Great Britain at international level, as well as representing Lancashire. He began his club career at the Warrington Wolves before joining St Helens, with whom he won a total of four Grand Finals, four Challenge Cups and two World Club Challenges, as well as becoming the first player to win the Man of Steel Award on two consecutive occasions. He is the older brother of former player Danny Sculthorpe.

<span class="mw-page-title-main">Greg Eastwood</span> NZ international rugby league footballer

Greg Eastwood is a New Zealand professional rugby league footballer. A New Zealand international forward, he played in the NRL for the Brisbane Broncos and Canterbury-Bankstown Bulldogs, and in the Super League for the Leeds Rhinos.

<span class="mw-page-title-main">Manase Manuokafoa</span> Former Tonga international rugby league footballer

Manase Manuokafoa is a former Tongan international rugby league footballer who last played as a prop for RC Albi XIII in the Elite One Championship.

<span class="mw-page-title-main">Carl Ablett</span> Former England international rugby league footballer

Carl Ablett is an English former professional rugby league footballer who played as a second-row, loose forward or centre for the Leeds Rhinos in the Betfred Super League and England at international level.

<span class="mw-page-title-main">Matty Blythe</span> English former professional rugby league footballer

Matty Blythe is an English former professional rugby league footballer who played in the 2000s and 2010s. He played at club level in the Super League for the Warrington Wolves and the Bradford Bulls, and in the Championship for the Leigh Centurions (loan), the Bradford Bulls, and the Rochdale Hornets, as a wing, centre, second-row or loose forward.

<span class="mw-page-title-main">Jay Pitts</span> English professional rugby league footballer

Jay Pitts is an English professional rugby league footballer who plays as a second-row or loose forward for Wakefield Trinity in the Betfred Super League.

<span class="mw-page-title-main">Ben Flower</span> Wales international rugby league footballer

Ben Flower is a Welsh professional former rugby league footballer who last played as a prop for the Leigh Centurions in the Betfred Super League, and has played for Wales at international level.

<span class="mw-page-title-main">THG plc</span> British e-commerce retail company

THG plc, formerly The Hut Group, is a British e-commerce retail company headquartered in Manchester, England. It sells own-brand and third-party cosmetics, dietary supplements and luxury goods online. It provides an end-to-end e-commerce service to third parties through its Ingenuity division. As of 2024, the company operates 13 fulfilment centres, 9 production facilities and 32 data centres worldwide.

<span class="mw-page-title-main">Anthony Gelling</span> Cook Islands international rugby league footballer

Anthony Gelling is a Cook Islands international rugby league footballer who plays as a centre, winger and second-row forward.

This article details the Hull F.C. rugby league football club's 2012 season. This is the seventeenth season of the Super League era.

<span class="mw-page-title-main">Daryl Clark</span> English rugby league footballer

Daryl Clark is an English professional rugby league footballer who plays as a hooker for the St Helens in the Super League and England at international level.

<span class="mw-page-title-main">Dan Sarginson</span> England international rugby league footballer

Dan Sarginson is a retired England and England Knights international rugby league footballer who previously played as a centre or fullback, for the Salford Red Devils.

<span class="mw-page-title-main">Sam Powell</span> English professional rugby league footballer

Sam Powell is an English rugby league footballer who plays as a scrum-half or hooker for the Warrington Wolves in the Super League and the England Knights at international level.

<span class="mw-page-title-main">Josh Drinkwater</span> Australian rugby league footballer

Joshua Drinkwater is an Australian professional rugby league footballer who plays as a scrum-half or stand-off for the Warrington Wolves in the Betfred Super League.

The 2014 St Helens R.F.C. season is the club's 140th in its history; its 119th in rugby league. The Saints will be looking to end a 6-year silverware drought this season by competing for the Super League XIX title as well as the 113th edition of the Challenge Cup. This season marks Australian Nathan Brown's second season as head coach of the club, continuing from his first season in 2013 which ended in a 5th-place finish and an early playoff exit courtesy of an 11–10 defeat at Leeds Rhinos. They began their season by taking on last seasons runner-up Warrington Wolves at the Halliwell Jones Stadium, which ended in an 8–38 win for Saints. This win sent Saints on a win streak that lasted for eight Super League games before being defeated on 18 April 2014 by arch-rivals Wigan Warriors at Langtree Park in the annual Good Friday derby match. Easter was a period to forget for the Saints as they were beaten by Widnes Vikings for their second league defeat in a row, following the Good Friday defeat to bitter rivals Wigan, and then by Leeds Rhinos in Round 5 of the Challenge Cup meaning the Saints will miss out on the trophy for a sixth year. The Saints bounced back however on 1 May with a 48–18 win over the London Broncos. Saints suffered another Magic Weekend to the Warrington Wolves on 18 May with the game ending 41–24 to the Wolves. Results picked up after the Magic Weekend with two straight wins at home against Huddersfield & Salford however the Saints then traveled to Perpignan where they suffered a humiliating 42–0 loss to the Catalans Dragons. Once again, the Saints bounced back with an impressive win over Castleford Tigers at Langtree Park and with another outstanding performance in a pulsating game at the DW Stadium against arch-rivals Wigan Warriors that ended 12–16 in favour of the Saints; the win avenging the Good Friday defeat at Langtree Park. Following this win, Saints suffered a shock 40–10 defeat to Hull Kingston Rovers but bounced back with three straight wins before losing to Hull KR's cross-town rivals, Hull FC, 19–12. However, a 40–16 win over Wakefield Trinity Wildcats & an extremely tight 12–13 win over Leeds Rhinos at Headingley put the Saints in a position where a win against Warrington on 4 September would hand them their first League Leaders' Shield since the 2008 season; with Castleford Tigers being the only other team in contention for the top spot. Despite losing their last two games of the regular season, Saints acquired the League Leaders' Shield following Castleford's failure to beat Catalans Dragons in their last game of the season; meaning that the Saints took their first piece of silverware since 2008. The unlikely success of the 2014 season culminated in a 14–6 win over arch-rivals Wigan Warriors in the 2014 Super League Grand Final at Old Trafford making Saints the Super League champions for the first time since 2006 in an extremely lively, well-fought contest that saw Wigan player Ben Flower sent off for a sucker punch on a defenceless Lance Hohaia in the 2nd minute of the game.

<span class="mw-page-title-main">Luke Thompson (rugby league)</span> GB & England international rugby league footballer

Luke Thompson is an English professional rugby league footballer who plays as prop and loose forward for the Wigan Warriors in the Super League, and for England and Great Britain at international level.

<span class="mw-page-title-main">Oliver Cookson</span> UK entrepreneur

Oliver Cookson is an English entrepreneur who established the sports nutrition business Myprotein, which he sold in 2011 for £58 million to The Hut Group. He was named in the Sunday Times Rich List 2019 having recorded a net worth of £306 m.

Matthew John Moulding is a British businessman, founder and CEO of THG plc. As of May 2022, he has an estimated net worth of £700 million, down from £1.4 billion in 2021.

References

  1. 1 2 Pitel, Laura (2 June 2011). "Business big shot: Oliver Cookson of Myprotein.com". The Times. ISSN   0140-0460 . Retrieved 14 August 2018.
  2. 1 2 "Hut Group buys Myprotein in £60m deal". Manchester Evening News. 1 June 2011. Retrieved 14 August 2018.
  3. "New Manufacturing Facility, Athletic Supplement Producer Cend LLC to Create 350 Jobs in Bullitt County". whereopportunityknox.com. Archived from the original on 14 August 2018. Retrieved 14 August 2018.
  4. Cultivate (26 January 2015). "My Protein | St.Helens R.F.C." St.Helens R.F.C. Retrieved 14 August 2018.
  5. "Wolves wire up with Myprotein.com". Warrington Guardian. Retrieved 14 August 2018.
  6. "London Broncos Rugby League | #WeAreLondon | » London Broncos join forces with MYPROTEIN". londonbroncosrl.com. Retrieved 14 August 2018.
  7. "Myprotein to fuel the Sharks". salesharks.com. Retrieved 14 August 2018.
  8. "Burnley Football Club - My Protein". www.burnleyfootballclub.com. Archived from the original on 5 September 2018. Retrieved 14 August 2018.
  9. "Myprotein become Nottingham Forest's official performance supplement supplier" . Retrieved 14 August 2018.
  10. "University of Nottingham Sport announce new sponsorship deal with leading nutrition brand Myprotein - The University of Nottingham". www.nottingham.ac.uk. Retrieved 14 August 2018.
  11. "Williams F1 team lands multi-year partnership deal with THG". Motorsport.com . 20 October 2023. Retrieved 4 November 2023.
  12. "The judgment by The Hon Mr Justice Blair - The Hut Group Ltd v Cookson", England and Wales High Court (Queen's Bench Division) Decisions, 20 November 2014.
  13. "Business Desk article - 21 November 2014
  14. "Costs awarded in The Hut Group vs Oliver Cookson & Barclays Private Bank & Trust Ltd - Press Release by DWF
  15. "Permission to appeal granted in High Court case between The Hut Group Ltd and Oliver Cookson and others". DWF.LAW. Retrieved 17 April 2016.
  16. "Deals/Restructuring / Deals List / The Hut successfully defends court appeal by Cookson - TheBusinessDesk.com" . Retrieved 17 April 2016.