THG
This coverage examines THG’s (The Hut Group) operations and strategy within the UK retail and e-commerce sectors, focusing on brand portfolio management, technology platforms, logistics, financial performance, and leadership decisions. Reporting provides insight into how THG scales its digital and consumer goods businesses — supporting executives, managers, and professionals in e-commerce, health, beauty, and technology-driven retail.
-
Apr- 2021 -23 AprilM&A
THG acquires Brighter Foods Limited
The Hut Group (THG) has announced its acquisition of Brighter Foods Limited from Real Good Food plc for £43m. The group purchased the snack bar manufacturer as parts of its expansion of THG Nutrition, the D2C platform’s healthy foods range. For the full year prior to March 2021, Brighter generated…
Read More » -
15 AprilOnline & Digital
The Hut Group revenues soar 42% in ‘milestone’ year
The Hut Group has announced that group revenues soared by 42% to £1.6bn in its full-year results, as the wider consumer shift to digital channels “continued apace”. In what was a “milestone” year for the group, EBITDA was up by 35% to £150.8m in the period and new customers rose…
Read More » -
Feb- 2021 -2 FebruaryHealth & Beauty
THG completes £250m Dermstore deal
Online health and beauty retailer, The Hut Group (THG) has completed the acquisition of Dermstore, a US-based skincare and beauty ecommerce company, for £251m. Established in 1999, Dermstore provides “professional grade skincare” throughout the US, and has reportedly been targeted by Matthew Moulding, executive chairman and CEO at the company,…
Read More » -
Jan- 2021 -12 JanuaryOnline & Digital
The Hut Group revenue soars ahead of guidance in Q4
The Hut Group has announced that revenue soared by 51% to £558.7m in the three months ended 31 December 2020, outperforming a previous guidance of 40% to 45% growth. Revenue guidance was initially estimated to be 16% to 25%, but was raised last month following a “strong” peak trading performance…
Read More » -
Dec- 2020 -7 DecemberOnline & Digital
The Hut Group ups revenue guidance for second time this year
The Hut Group has upped its revenue guidance for the second time since its listing earlier this year, with it now expecting revenue to increase up to 40% YOY. In its latest trading update, the group said it has seen new customer acquisition trends “further accelerate” into Q4 across all…
Read More » -
2 DecemberHealth & Beauty
Beauty Bay considers a stock market listing
Online cosmetics store, Beauty Bay is reportedly considering a stock market listing, following the surge in valuation fellow digital retailer The Hut Group (THG) experienced earlier this year. According to Sky News, the company which was created by Arron and David Gabbie, is in talks with investment bank GCA Altium…
Read More » -
Nov- 2020 -18 NovemberOnline & Digital
Hut Group appoints non-executive director
The Hut Group (THG) has appointed Damian Sanders as its independent non-executive director. Sanders, who until recently was a senior audit partner at Deloitte, is set to join the group’s board and take up the position of chair of the Remuneration committee with immediate effect. Last October, Sanders was appointed…
Read More » -
17 NovemberNews
The Hut Group CEO to receive £830m shares payout
The Hut Group (THG) CEO Matthew Moulding is set to receive an £830m shares payout after the company’s share price increased significantly triggering a bonus clause. According to The Guardian, Moulding will receive the payout after the “market value of the company’s shares breached certain levels” that were set during…
Read More » -
Oct- 2020 -26 OctoberOnline & Digital
Hut Group raises forecast amid ‘strong’ trading period
The Hut Group has announced that group revenue soared by 38.6% to £378.1m in the three months ended 30 September 2020. This represents an acceleration against the reported H1 2020 revenue growth rate of 35.8%. In the same period, direct-to-consumer online revenues surged by 51.3% to £320.2m year-on-year, compared to…
Read More » -
2 OctoberHealth & Beauty
The Hut Group acquires Perricone for £46m
The Hut Group has acquired Perricone MD, a US luxury skincare brand, in a $60m (£42m) deal. The sale follows the online retailer’s recent acquisitions of ESPA and Christopher Robin. Perricone MD describes itself as a ‘‘science-led’’ skincare brand and has approximately 100 product patents. The Hut Group said it…
Read More »
