Forget the lingerie, diamonds chocolates and flowers. Most women want cosmetic products for Valentine’s Day. New data from Bazaarvoice’s Influenster shows as many as 70% of women would prefer to receive beauty products.
The Hut Group has rarely been out of the news in recent months and on Monday it made headlines again as it announced a third-quarter trading update that showed its business continues to go from strength to strength.
There’s speculation that fast-expanding beauty giant The Hut Group (THG) is mulling a stock market flotation. A report at the weekend said that it has been lining up meetings with some big-name investors.
Subscription boxes continue to win new fans in the UK and while food is the most popular product category, beauty is second with the channel becoming a key one for beauty product sales, especially to young consumers.
The British online beauty and lifestyle retailer has opened the doors of a new 800,000 sq ft fulfilment and manufacturing facility in Wroclaw, Poland, that will serve the "crucial" German and Central European markets.
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.