The UK'S Largest Online Retailer Cluster Group Invested In The UK High-End Beauty Brand ESPA

According to world clothing shoes and hats net to understand Britain's largest

The Hut Group Ltd. (THG) continues to acquire strategy. The company announced its monthly subscription to GLOSSYBOX, an online beauty retailer in August, and announced that it would invest in the UK high-end beauty brand ESPA.

According to Sky News, the deal was over one hundred million pounds.

In 2016, THG invested 250 million pounds, and this year it will invest 400 million more in acquisitions and technology updates.

Management comments:

Susan Harmsworth, founder of ESPA, said that the deal opened the next chapter of ESPA, believing that THG's enthusiasm and expertise can help ESPA attract global customers.

Matthew Moulding, chief executive of THG, said that we will invest heavily in ESPA brand, especially its production capacity, and turn it into a truly global leading brand in the industry.

About ESPA:

Founded in 1993 by Susan Harmsworth, it is currently one of the world's most famous SPA beauty brands.

At present, ESPA has more than 700 SPA sales outlets in 60 countries.

In mid December 2014, the British fund KSL Capital Partners, LLC and investment company Revolution Places joint venture Miraval Group acquired ESPA as a major shareholder, and did not nominated the chief executive officer Elizabeth Elizabeth and chief financial officer.

About THG:

THG, founded in 2004 by Matthew Moulding and John Gallemore, is currently the largest online beauty retailer in the UK and even in Europe. The company has a brand matrix, including a large number of independent brands and online retail platforms.

In 2016, THG revenue reached 500 million pounds to 501 million 400 thousand pounds, up 50% from 333 million 500 thousand in 2015, of which international market revenue accounted for 63%, and the first quarter of 2017 reached 71%.

In 2016, the group EBITDA recorded 50 million pounds, and the EBITDA profit margin reached 10%.

By the end of 2016, the founder of THG had held 20.28%. Other institutional investors include KKR, Balderton Capital and Sofina. Among them, KKR shares 17.98%, Balderton Capital shares 17.09%, and employee stock ownership 11.10%.

In August, the company received Old Mutual Global Investors 125 million pounds, valued at 2 billion 500 million pounds.

THG has 100 websites, including thehut.com, lookfantastic.com, coggles.com, mybag.com and so on, which mainly sell beauty products, including luxury products, health products and other lifestyle products.

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