THG (GB:THG) has released an update.
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THG PLC has announced plans for a significant restructuring, aiming to demerge its Ingenuity division into a private entity and raise approximately £75 million through a mix of Placing, Subscription, and a Retail Offer. CEO Matthew Moulding and other key shareholders are set to invest around £33 million in the plan, which is designed to simplify THG’s business model and strengthen its financial position as it continues to focus on its Beauty and Nutrition divisions.
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