Wednesday 4 August 2021

The Hut Group Makes Another Acquisition

E-commerce giant The Hut Group (THG) has continued its acquisition spree by buying online retailer Cult Beauty for £275m.

Launched in 2008, London-headquartered Cult Beauty sells around 300 brands across skincare, haircare and cosmetics, including Charlotte Tilbury, Drunk Elephant, and Huda Beauty.

NamNews Implications:
  • In the infinite space of online…
  • …this is a no-brainer addition to THG will add scale benefits inc cost efficiencies, minimum.
  • And at growth rates of 38% and 41%…
  • …you have to have a good reason for not being on board.
OnlineCosmetics #beauty #skincare

No comments: