THG, a London-listed e-commerce group, is actively pursuing a demerger of its technology infrastructure arm, THG Ingenuity, from its core e-commerce operations. This strategic move aims to allow THG to retain significant free cash flow from its profitable beauty and nutrition divisions and potentially pave the way for dividend payments to shareholders. Although tax clearances for the demerger have been approved, the company has not provided a specific timeline for the separation. Analysts suggest that it may take 3-5 years for Ingenuity to break even, indicating the need for substantial additional funding. Concurrently, THG plans to change its stock listing to enhance liquidity and eligibility for inclusion in the FTSE UK Index Series. CEO Matthew Moulding expressed confidence in the group's ongoing performance despite recent challenges and currency headwinds.