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.
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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…
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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…
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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…
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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…
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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…
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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…
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Aug- 2020 -27 AugustOnline & Digital
The Hut Group unveils £4.5bn IPO plan
Online retailer The Hut Group (THG) has confirmed its intention to launch a stock market flotation that values the company at around £4.5bn. The group plans to raise £920m through the sale which, according to Sky News, could lead to its founder Matthew Moulding receiving up to £700. It cites…
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Jun- 2020 -10 JuneHealth & Beauty
The Hut Group reports FY sales of £1.1bn
Health and beauty retailer The Hut Group (THG) has reported a 24% increase in group sales to £1.14bn in its full year results. In the year ended 31 December, the company reported a 22% increase in gross profit to £511m compared with £417m in 2018. International sales attributed to 66%…
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Dec- 2019 -16 DecemberHealth & Beauty
The Hut Group completes €1bn capital raising
The Hut Group has announced a €1bn (£830m) raise in capital in order to deliver a “step- change” to its balance sheet ahead of “anticipated macro-economic” and “political changes arising from the general election and Brexit”. The health and beauty platform has revealed BlackRock, a long term investor in The…
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Nov- 2019 -22 NovemberEconomy
The Hut Group secures £510m debt facility to boost beauty investment
The Hut Group has secured a £510m of debt issuance with a seven-year maturity to help boost its digital and beauty offerings. The process has been underwritten by Barclays, HSBC, Citi and Santander. The transaction is set to be a “step change” within the beauty and wellness capital structure. The…
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