11.01.18
The Hut Group (THG), a large global online beauty and wellbeing businesses, has announced the acquisition of Acheson & Acheson, which they call “a pre-eminent” British beauty contract manufacturer and product developer.
Established in 1992, by Kenneth and Fiona Acheson, the company has become a manufacturer for prestige beauty brands, supported by its R&D, manufacturing, regulatory compliance, product design and product development functions.
The business offers an end-to-end service that runs from product/packaging design & development, formulation development, international sourcing and product testing to UK manufacturing, warehouse and distribution.
THG says the investment represents long-term strategic benefits as it reinforces its ambition of “becoming the fully integrated, global digital leader in the beauty and wellbeing sectors.” Future expansion plans include THG’s intention to spend £50m replicating Acheson & Acheson in Europe and the U.S.
Ameliorate, Acheson & Acheson’s own skincare brand, is included in the purchase and will be added to THG’s own brand portfolio.
In related news, THG has announced a $1 billion, three-year deal to develop offices and studio space in two sites in the Manchester Airport area, in the North West UK. Ultimately supporting up to 10,000 jobs, the project represents the UK’s largest bespoke office development outside London.
Established in 1992, by Kenneth and Fiona Acheson, the company has become a manufacturer for prestige beauty brands, supported by its R&D, manufacturing, regulatory compliance, product design and product development functions.
The business offers an end-to-end service that runs from product/packaging design & development, formulation development, international sourcing and product testing to UK manufacturing, warehouse and distribution.
THG says the investment represents long-term strategic benefits as it reinforces its ambition of “becoming the fully integrated, global digital leader in the beauty and wellbeing sectors.” Future expansion plans include THG’s intention to spend £50m replicating Acheson & Acheson in Europe and the U.S.
Ameliorate, Acheson & Acheson’s own skincare brand, is included in the purchase and will be added to THG’s own brand portfolio.
In related news, THG has announced a $1 billion, three-year deal to develop offices and studio space in two sites in the Manchester Airport area, in the North West UK. Ultimately supporting up to 10,000 jobs, the project represents the UK’s largest bespoke office development outside London.
