THG Raises £95.4m for Ingenuity Spin-Off with Frasers Group Investment

Frasers Group and THG's CEO each invest £10m as part of a strategic move to separate THG's technology arm.

THG exceeded its initial fundraising goal of £75 million, securing £95.4 million to support the spin-off of its technology platform, Ingenuity.
Mike Ashley's Frasers Group and THG's CEO Matthew Moulding each contributed £10 million to the fundraising effort.
The demerger is aimed at simplifying THG's structure, focusing on its beauty and nutrition businesses, and improving its financial health.
Ingenuity, which supports online operations for major retailers, has yet to turn a profit but is seen as a key strategic asset.
THG plans to enhance its market visibility by aiming for inclusion in the FTSE indices following the spin-off.