Billionaire Mike Ashley's Frasers Invests $13 Million In Online Retailer THG

By Forbes | Oct 12, 2024 at 12:44 PM EST

Frasers Group, led by Mike Ashley, invested £10 million in THG to help it spin off its unprofitable tech unit Ingenuity. THG aims to simplify its business and generate cash after the demerger. Frasers' move follows previous acquisitions and agreements with THG.

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