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.