THG, which joined the London Stock Exchange earlier this month, has purchased the Perricone MD brand for $60 million in cash.
THG made its stock market debut on Wednesday, becoming the U.K.’s largest tech IPO and the biggest market listing for the past five years.
Matthew Moulding has built The Hut Group into global beauty powerhouse by focusing only on one thing: solving other people’s problems.
The British beauty, wellness and tech company is helping brands large and small develop direct-to-consumer sites.
The beauty and wellness platform is taking charge of its own shipping as a result of COVID-19 lockdown measures.
The group purchased the product categories, but not Robin’s salon business.
Brands and retailers are setting up logistics and warehousing facilities in Europe in preparation for a no-deal Brexit.
The group is planning to spend up to 50 million pounds to replicate Acheson & Acheson across Europe and the U.S.
Rodriguez has painted faces for brands including Vivienne Westwood and Moschino.
THG said the acquisition will support its international growth plans.
The acquisitions-hungry group has a new 515 million pound revolving credit facility.