Cult Beauty
This coverage examines Cult Beauty’s operations and strategy in the UK retail market, offering insights for executives, managers, and brand professionals. Reporting includes leadership changes, marketing initiatives, product launches, partnerships, and the brand’s positioning within the online beauty and skincare sector. The analysis helps professionals understand Cult Beauty’s growth plans, customer engagement strategies, and role in the competitive beauty retail landscape.
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Sep- 2022 -15 SeptemberOnline & Digital
THG losses widen despite revenues passing £1bn
THG has revealed its losses widened to £89.2m in the first half of the year to 30 June, despite seeing revenues surpass £1bn. The online retailer said the loss reflected “consumer price protection investment strategy”, however its medium-term guidance reiterated with cost efficiencies and commodity price improvements should support margin…
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May- 2022 -11 MayHealth & Beauty
Beauty Bay drafts in advisors after IPO stalls
Online beauty platform Beauty Bay has reportedly hired bankers to explore options for the group after plans for its IPO stalled. According to Sky News, it has drafted in US-based Threadstone Capital, which previously advised Cult Beauty on its sale to THG, to advise it. Sources told Sky that options…
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Apr- 2022 -21 AprilOnline & Digital
THG rebuffs ‘unacceptable’ takeover proposals as revenues hit £2.2bn
The Hut Group (THG) has recorded “record” revenue growth of 38.1% year-on-year from £1.6bn to £2.2bn in the full year ended 31 December 2021 (FY21), driven by organic growth in all divisions and supplemented by the contribution from acquired businesses. According to its latest trading update, The Hut Group has…
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Aug- 2021 -4 AugustHealth & Beauty
THG to acquire Cult Beauty for £275m
THG has announced it has agreed to acquire Cult Beauty, the UK based online beauty retailer, for a total consideration of £275m. Cult Beauty is the authorised online retailer of over 300 third party brands across skincare, haircare and cosmetics, including Charlotte Tilbury, Drunk Elephant and Huda Beauty. Currently less…
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Jul- 2021 -19 JulyHealth & Beauty
Sephora agrees £132m Feelunique takeover deal
French cosmetics group Sephora has reportedly agreed a takeover deal with Jersey-based beauty retailer Feelunique for £132m. According to ITV News, the deal will include Feel Unique’s online arm as well as its three Channel Islands stores. The deal marks an expansion into the UK by the LVMH owned cosmetics…
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May- 2021 -19 MayHealth & Beauty
Asos eyes Feelunique and Cult Beauty takeovers
Asos is reportedly eyeing a potential takeover of two major online beauty platforms in a bid to further expand into diversified markets. According to Sky News, the online retail giant is considering the move after Feelunique and Cult Beauty were put on the market by their present owners. Sources told…
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