THG Considers Ingenuity Spin-off
This is a U.K. news story, published by CNBC, that relates primarily to Matthew Moulding's news.
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THG Nutrition divisionsCNBC
•British e-commerce firm THG to spin off technology platform Ingenuity
74% Informative
British e-commerce firm THG said Tuesday that it is looking to spin off its technology platform, Ingenuity .
The move is a blow to founder Matthew Moulding's vision to build a large publicly-listed technology name in the U.K. THG formed THG InGenuity in 2021 as a separate venture.
The firm is also planning to transfer its currently publicly-traded shares to the newly created equity shares commercial companies segment of the London Stock Exchange .
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