The Hut Group targets further investment
Ambitious growth plans are on the horizon for The Hut Group (THG) which is in the process of securing more than £600 million to further invest in existing operations and new acquisitions. The business is forecasting revenues of more than £1 billion this year with over 60 per cent generated outside the UK. Some 50 per cent comes from its own brands which include MyProtein, ESPA and Mio Skincare.
Matthew Moulding, founder & CEO of THG commented: "This is another major step forward for THG and a testament to the strength of the business we have built. These new debt facilities provide the company with significant investment capability enabling us to further drive our proposition across global markets, build brands of scale and continue to develop our leading technology, infrastructure and people."