Online retailer THG sells OnDemand division and ProBikeKit for £4m

Online retailer THG has sold two loss-making businesses for around £4million as the e-commerce group looks to simplify and streamline its operations. The owner of websites Lookfantastic and Myprotein said it has sold its THG OnDemand business to a new company, which is led by its management team and funded by liquidation and restructuring company Gordon Brothers. More from This is Money.