THG offloads OnDemand division to management to focus on core operations
By George MacDonald2023-07-21T06:22:00
Online group THG has sold its OnDemand business – which includes entertainment specialist Zavvi – to the division’s management.
The deal follows the sale earlier this year of ProBikeKit to Frasers Group.
The disposals raised £4m for THG and came as the group streamlines operations to concentrate on profitability.