Oct 11, 08:37 AM

THG Plans £75M Ingenuity Demerger After Raising £95M; Frasers Increases Bid for Mulberry to 150 pence

THG has announced plans to spin off its technology platform, Ingenuity, as part of a strategy to simplify its business model and enhance its standing in the FTSE UK Index. The company aims to raise £75 million to support this demerger. Recent reports indicate that THG shareholders may bear the costs associated with this separation. Additionally, Mike Ashley's Frasers Group has taken a £10 million stake in THG, highlighting investor interest in the online retailer. In a related development, Frasers has also increased its bid for Mulberry to 150 pence per share, following a previous offer that was declined by the British handbag maker. The new bid represents a significant premium compared to Mulberry's recent closing price of 112.5 pence per share.

#THG #Ingenuity #FTSE UK Index #Mike Ashley #Frasers Group #Frasers #Mulberry #British

Written with ChatGPT (GPT-4o mini).

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THG Plans £75M Ingenuity Demerger After Raising £95M; Frasers Increases Bid for Mulberry to 150 pence

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