THG offloads OnDemand division to management to focus on core operations

Matt Moulding

Source: Peter Searle

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.

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