THG Mulls Logistics Unit Spinoff, Pretax Loss Narrows

By MarketWatch | Sep 17, 2024 at 02:53 AM EST

The Hut Group (THG) plans to spin off its logistics arm, THG Ingenuity, to enhance shareholder value. The U.K. e-commerce company reported a reduced pretax loss and aims to shift its listing category on the London Stock Exchange to improve market presence.

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