Online & Digital
THG looks to demerge Ingenuity arm
The news comes as the group also revealed its interim results for the half-year ended 30 June 2024, as adjusted EBITDA rose by 1.6%, though year-on-year sales dipped by 3.6%
THG has announced that it is “actively undertaking” work that could lead to the demerger of its technology arm, THG Ingenuity. Whilst structuring tax clearances have now been approved by HMRC, the group said there was no certainty of a timescale for the demerger that it could provide at this point.
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