The owner of Espa, Glossybox and Lookfantastic has secured a new $1 billion banking facility as it continues to build its beauty and wellness portfolio to become the global digital leader in the sector.
2017 was a year of record sales, investment and international growth for The Hut Group, having invested £164m in strategic acquisitions, increased sales by almost 50% and upgraded its e-commerce platform.
The New York-based digital company announced on Thursday that it has secured $18.6 million in series A funding, money which will go towards improving customer experience and accelerating innovation and expansion.
The Hut Group has gone acquisition crazy with the latest target of its buying spree being skincare and spa brand Espa, according to reports. The company is believed to be acquiring the brand for aorund £100m.