THG PLC (LSE:THG) is likely to enjoy growth across all of its divisions this year, analysts have forecast, with growth expected to be fuelled by strategic partnerships. "Although a divisional IPO has been mooted, we see a strategic partnership as potentially more likely, opening up new growth and synergy options," Jefferies said in a note on Thursday. This could well involve a minority stake in either the e-commerce retailer's beauty or nutrition divisions, "providing upside for the investing partner", said the bank.