Top News: THG to spin-off Beauty arm while separating Ingenuity
THG plans to separate and spin-off THG Beauty into its own public listing, leaving the existing company focused on progressing its Nutrition unit and its Direct-to-Consumer platform THG Ingenuity, which has seen a significant acceleration in demand since striking a deal with tech investor Softbank earlier this year.
THG shares were down 5.8% in early trade this morning.
THG has had a busy six months and is aggressively capitalising on the shift to online shopping by spending big on bolt-on acquisitions to grow its position in the beauty and nutrition markets while pushing THG Ingenuity, its platform used by other brands to establish their own Direct-to-Consumer channel.
THG plans to spin-off THG Beauty sometime next year and said it is still considering what to do with THG Nutrition, which could also be separated.
As for THG Ingenuity, the platform has gained traction since receiving the backing from Softbank earlier this year. THG’s sizeable fundraise earlier this year was underpinned by an…
