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The Hut Group to acquire Cult Beauty in £275m deal

by Alistair Hardaker North West ecommerce giant The Hut Group (THG) has agreed to acquire UK online beauty retailer Cult Beauty for £275m.  Launched in 2008, London-headquartered Cult Beauty is the authorised online retailer of around 300 brands across skincare, haircare and cosmetics, including Charlotte Tilbury, Drunk Elephant and Huda Beauty.  THG will acquire the ecommerce company from private shareholders including majority investor Mark Quinn-Newall (co-founder of Net-a-Porter) and co...
United Kingdom Charlotte Tilbury Mark Quinn Newall Alexia Inge Hut Group North West

THG snaps up online beauty products retailer in massive £275m deal

THG snaps up online beauty products retailer in massive £275m deal Cult Beauty is to "retain a very clear identity" due to its "distinguished brand portfolio" Get the days biggest stories sent direct to your inbox so you never miss a thingInvalid EmailSomething went wrong, please try again later. Click here We use your sign-up to provide content in ways youve consented to and to improve our understanding of you. This may include adverts from us and 3rd parties based on our understanding. Yo...
United States United Kingdom City Of Charlotte Tilbury Mark Quinn Newall Manchester Albert Hall

City Snapshot: The Hut Group acquire Cult Beauty for £275m

Top story E-commerce giant The Hut Group has expanded its beauty portfolio with the £275m acquisition of online prestige retailer Cult Beauty. The business is authorised to sell about 300 independent third-party brands across skincare, haircare and cosmetics, including Charlotte Tilbury, Drunk Elephant and Huda Beauty. Close to 200 of the brands are new to THG’s beauty sites, helping broaden the direct-to-consumer specialist’s consumer reach. THG said Cult Beauty would retain “a very cle...
United States United Kingdom City Of Charlotte Tilbury Mark Quinn Newall Alexia Inge

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