British e-commerce firm THG to spin off technology platform Ingenuity

By CNBC | Sep 17, 2024 at 06:12 AM EST

British e-commerce company THG plans to spin off its technology arm, THG Ingenuity, impacting founder Matthew Moulding's vision. The demerger aims to simplify the business structure. SoftBank's investment in THG Ingenuity was terminated in October 2022.

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