E-Commerce Giant Buys Luxury Spa & Skincare Brand
Hot on the heals of their recent acquisition of Glossy Box, the Hut Group have announce their purchase of leading British spa brand ESPA in a deal set to be worth over £100 million.
The Hut Group have proven themselves as leaders in the the beauty e-commerce space with sites including LookFantastic.com and HQHair.com. This latest acquisition sees them add to their beauty brand portfolio alongside MIO Skincare.
Speaking of their new addition THG Chief Executive Matthew Moulding said:
“We intend to invest substantially in the ESPA brand, especially in manufacturing capabilities, to develop the brand into a true global leader in its area,”.
ESPA founder Susan Harmsworth shared her feelings on the acquisition
“I am delighted with this acquisition, which paves the way to an exciting next chapter in our journey. I am truly confident that The Hut Group has the passion and expertise to extend ESPA’s holistic philosophy which has been at the heart of our products, spas and treatments for twenty-five years. With spas in over 50 countries, this partnership enables us to reach even more customers all over the world.”