09.21.21
British e-commerce company The Hut Group has decided to separate its beauty division and list it on a public share trading exchange in 2022.
According to the group, a separate listing for THG Beauty will position the business very well to focus investment in its key growth areas, including own-brand portfolio expansion.
Also in the filing, THG stated, “This commitment reflects the continued strong organic growth of the division and its position as the industry’s digital strategic partner globally, its growing U.S. footprint, expanding global social media presence — [more than] 3 million Instagram followers — and vertically integrated model.”
The decision of whether to separately list THG Nutrition and the timing will remain under consideration.
Other THG News
The Hut Group recently agreed to purchase online beauty retailer Cult Beauty for £275 million ($382.91 million).
According to the group, a separate listing for THG Beauty will position the business very well to focus investment in its key growth areas, including own-brand portfolio expansion.
Also in the filing, THG stated, “This commitment reflects the continued strong organic growth of the division and its position as the industry’s digital strategic partner globally, its growing U.S. footprint, expanding global social media presence — [more than] 3 million Instagram followers — and vertically integrated model.”
The decision of whether to separately list THG Nutrition and the timing will remain under consideration.
