×
463
Fashion Jobs
MOLEDRO
Operation Manager
Permanent · NEW DELHI
MOLEDRO
HR &Admin
Permanent · NEW DELHI
MOLEDRO
Brand Manager
Permanent · NEW DELHI
MOLEDRO
sr Fashion Designer / Production Manager
Permanent · NEW DELHI
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
CL GUPTA RETAIL PRIVATE LIMITED
Production Manager Cum Quality Control Manager
Permanent · Noida
UGRAYA FOODS
Production Manager || Agartala (Tripura) || Poultry Feed Industry
Permanent · Agartala
GOVIND KRIPA INFRATECH PVT. LTD.
HR/Telecalling/Sales Manager/Sales Executives/Asst. Sales Manager
Permanent · Jaipur
JUMBO BAGS
Manager- Production (Fibc / Woven Polypropylene Industry)
Permanent · Chennai
ADIDAS
Manager, Masterdata And Product Launch (.Com & Digital Partners), Apac
Permanent · GURUGRAM
ADIDAS
Manager, Digital Backend Operations, Apac
Permanent · GURUGRAM
THE HOUSE OF DEEPTHI LIMITED
Production Manager
Permanent · MUMBAI
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Hiring-Field Sales Manager
Permanent · Chennai
YUTIKA NATURAL
Area Sales Manager (Guwahati)
Permanent · Katihar
LENSKART
Area Operations Manager
Permanent · Chennai
ELECTRONICA FINANCE
Area Sales Manager - Mumbai- Vasai
Permanent · Mumbai
ADIDAS
Manager Learning & Development & Knowledge Management (M/F/D)
Permanent · CHENNAI
D.LIGHT
Hiring For Area Sales Manager | Bihar | d.Light Energy
Permanent · Patna
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Loan Against Securities - Area Sales Manager
Permanent · Chennai
ANAND RATHI GLOBAL FINANCE
Hiring For Area Sales Manager Sme- Lap
Permanent · Mumbai
CURLYFE BIOSCIENCES
Senior Area Sales Manager
Permanent · Ghaziabad
Published
Oct 25, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

The Hut Group gets £500m to make further acquisitions

Published
Oct 25, 2017

British online health and beauty retailer The Hut Group has signed a deal that increases its borrowing capacity from £345m to £515m to support its expansion drive.


Photo:Illamasqua


The company, which recently purchased British make-up company Illamasqua for an estimated £25 million, aims to become the world’s largest online retailer of health and beauty products by 2018, building on its position as Europe’s largest retailer of premium beauty. 

According to Sky News, it has added Citibank, JP Morgan and Alberta Investment Management Corporation to its syndicate of banks, which also includes existing lenders such as Barclays, HSBC and Silicon Valley Bank.

Sources said the new credit facility will be used to fuel further acquisitions in the beauty and wellbeing categories, as well as boosting the company’s e-commerce infrastructure.

In the past four months, The Hut Group acquired three established beauty companies, including sustainable make-up label Illamasqua, prestigious skincare brand Espa and subscription-based beauty service Glossybox.

Commenting on the new facility, company founder and CEO Matthew Moulding said: "This year has seen a real acceleration in investment for THG, especially across beauty, infrastructure, technology and talent.

"This substantial new credit facility is another important step for the group and provides us with even more firepower to pursue our ambitions for further significant international growth."

The Cheshire-based company experienced a 50% increase in group sales to £501m in the year to 31 December 2016, with own brand products accounting for over half of its sales.

This year, the company expects sales to reach £750m, representing another 50% increase on the prior year’s period.

Copyright © 2022 FashionNetwork.com All rights reserved.