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.

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OnlineCosmetics #beauty #skincare