Reindeer Treats For Christmas The demerger of THG Ingenuity into a standalone business has taken place The company s loss making tech arm is now split from the profitable THG Beauty and THG
Life at THG THG Hub Investors Investors News Results Regulatory News Results and Presentations Ingenuity Redline of Revised Shareholders Agreement E commerce giant THG has announced its decision to proceed with the demerger of its Ingenuity division alongside plans for a 75m fundraising initiative led by CEO Matthew
Reindeer Treats For Christmas
Reindeer Treats For Christmas
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Ingenuity will be hived out of the listed group and each THG shareholder will be given a choice They can elect to take unquoted Ingenuity shares in more less or equal THG THG has set out the terms for offloading its lossmaking e commerce fulfilment arm Ingenuity The company which raised 95 4mn in equity and 55mn in debt
On 17 September 2024 THG disclosed its plans to demerge its Ingenuity division which would result in a post demerger company comprising THG Beauty and THG Nutrition THG demerged its Ingenuity division earlier this year E commerce firm THG has confirmed it will press ahead with the demerger of its Ingenuity division today as it revealed
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Sales at THG have fallen in the final quarter of 2024 as the group completed its demerger of the Ingenuity platform The trading update for the three months to 31 December is THG Beauty sales continue to drive the group s bottom line rising 5 7 per cent to 531million while the Ingenuity business was up 12 6 per cent to 80 2million
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The demerger of THG Ingenuity into a standalone business has taken place The company s loss making tech arm is now split from the profitable THG Beauty and THG
https://www.thg.com › investor-relations › ingenuity-demerger
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Reindeer Treats For Christmas - Ingenuity will be hived out of the listed group and each THG shareholder will be given a choice They can elect to take unquoted Ingenuity shares in more less or equal
