UK e-commerce firm THG plans to spin off its technology platform, THG Ingenuity, to streamline operations and enhance shareholder value.

UK e-commerce firm THG plans to spin off its technology platform, THG Ingenuity, to streamline its operations and enhance shareholder value. This move follows the conclusion of an investment deal with SoftBank. If approved by shareholders, THG will focus solely on its Beauty and Nutrition divisions. The company also aims to transfer its shares to the Equity Shares Commercial Companies segment on the London Stock Exchange to improve liquidity and index inclusion prospects.

September 16, 2024
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