THG shareholders back Ingenuity split

THG shareholders have voted in favour of its plan to spin off its loss-making Ingenuity ecommerce platform into a separate company.
Around 89% of investors backed the LookFantastic and MyProtein owner’s divestment of its technology arm at a valuation of £90m on Friday.
Ingenuity, which employs about 3,500 people, provides technology to support the online operations for retailers including the likes of The Range and Holland & Barrett. It also has 13 warehouses across the UK.