Britain’s THG plans tech arm demerger to focus on beauty and nutrition
By Shanima A (Reuters) -British e-commerce firm THG is looking to demerge its technology services arm as it seeks to shore up its balance sheet with its cash-generative nutrition and beauty businesses. THG’s shares, which initially rose on Tuesday, were 3.1% lower by 0756 GMT as it forecast its full year core earnings would be …
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