Ingenuity

Frasers ups stake in THG to 4.8%

Mike Ashley’s Frasers Group has upped its stake in THG to 4.8% as it continues investing in a number of…

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THG hits FY expectations despite Q4 sales decline

THG has reported a decline in Q4 sales across some divisions, but remains on track to meet full-year expectations having…

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Today’s news in brief-21/1/25

Aldi has announced a significant pay increase for its store assistants, setting a new minimum hourly rate of £12.71, rising…

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THG Ingenuity appoints new CCO

THG Ingenuity has announced the appointment of Lucy Cooper as the new chief commercial officer.  Cooper will play a pivotal…

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Today’s news in brief-11/10/24

Ikea reported a 5.3% decline in retail sales to €45.1bn (£37.7bn) after implementing significant price reductions across 63 markets. Despite…

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THG raises £95m to fund Ingenuity demerger

THG has raised over £95m to fund the demerger of its Ingenuity arm, which is set to become a standalone…

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THG Fulfil partners with CDS Superstores

THG Fulfil, the industry-leading global fulfilment solution from THG Ingenuity, has partnered with CDS Superstores to deliver fulfilment and courier…

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Today’s news in brief-17/9/24

THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s…

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THG looks to demerge Ingenuity arm

THG has announced that it is “actively undertaking” work that could lead to the demerger of its technology arm, THG…

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Today’s news in brief-11/7/24

The UK economy surpassed expectations with a 0.4% GDP growth in May 2024, boosted by improved weather conditions. The services…

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