This ad will be closed automatically in X seconds.

The Hut Group looking to float?

Online beauty and nutrition retailer reignites speculation it is mulling over a £5 billion IPO.

The Hut Group – which owns beauty brands such as ESPA, Illamasqua and Glossy Box – is reportedly eyeing up a £5 billion IPO.

The Manchester-based company – which also owns Myprotein, plus fashion brands such as Coggles and AllSole – has been holding meetings with a series of high profile private investors, according to The Sunday Times, which it says is a prelude to a float.

Over the past decade, founder Matthew Moulding has grown the group through a series of acquisitions and through white labelling its technology to other beauty brands, via its THG Ingenuity arm.

Earlier in June, it reported that its sales had exceeded £1 billion in the year to December 31, 2019.

Last week saw it sign deals with Elemis, PZ Cussons Beauty, Burt’s Bees, Nuxe, By Terry and Revolution Beauty to power their direct to consumer strategies. The £100m partnerships add to names including Nestlé and Procter & Gamble in the THG Ingenuity roster.

In response to the latest rumours, the company stated: “Each year THG speaks to major global investors about future investment. This has always been done as a private company and this year is no different.”

Want to read more news like this? Simply sign up to our daily digest by clicking here. You can also follow @LicensingSource on Twitter and @licensing_source on Instagram.

MORE NEWS
SeminalBigPicture500x500
 
The company has appointed Big Picture Licensing to support and represent Seminal as an introducer agent model to identify and develop new innovative licensing partners on a global basis....
Smileypopups500x500
 
The move follows the success of the brand's franchise stores in China....
TomGatesstageshow500x500
 
Dynamic doodler, homework-hater and lover of snacks Tom Gates and his 'brilliant' world are being brought to life for family audiences across the UK in a new live show, Tom Gates EPIC Stage Show....
POPMoomin500x500
 
The partnership is part of the Moomins’ 80th anniversary celebrations in 2025 and marks the first of two collection releases, with the second due to debut in spring 2025....
HAAmbassadorsgroupshot500x500
 
The first ever celebratory lunch for the Honorary Achievement winners from The Licensing Awards and the Brand Licensing Ambassadors from the Brand & Lifestyle Licensing Awards took place yesterday (20 November)....
PeugeotWildBrain500x500
 
WildBrain CPLG will represent the Peugeot brand globally across selected lifestyle categories including home and garden, electricals, sports equipment, toys and infant products....
Get the latest news sent to your inbox
Subscribe to our daily newsletter

The list doesn't exist! Make sure you have imported the list on the 'Manage List Forms' page.