THG Plc (LSE:THG) will spin off and list its online beauty business in 2022, the British e-commerce company said on September 16, 2021, as the unit focuses on growing its lineup of cosmetics and skin care products. The company also said it was considering a separate listing of its nutrition business. THG said the listing would allow THG Beauty to grow its portfolio and build social media presence. The unit is home to brands including Lookfantastic, Cult Beauty and Dermstore. "Today we also announce our commitment to list THG Beauty in 2022, which we believe will create further value for our shareholders," Executive Chairman and Chief Executive Officer Matthew Moulding said in a statement.