In Brands, Finance

Coming on the heels of an investment of £125m from Old Mutual Global Investors, The Hut Group acquires ESPA in a £100MM-plus deal, giving THG a value of about £2.5bn. The new funding provides considerable expansion power to fuel THG’s goal of being the world’s leading online beauty and healthcare retailer. Last month they snapped up makeup subscription service Glossybox and Australian e-commerce site RY.com.

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