![]() ![]() Three smaller divisions are grouped together. Like the Beauty division, THG Nutrition is vertically integrated with its own localised web stores, product development and manufacturing facilities which also service third parties. THG also owns Exante, a weight loss brand formerly called IdealShape. Command and BeNu launched in 2021 targeting the nootropics and meal replacement markets respectively. Myprotein is a bodybuilding supplement brand which has developed into a family of brands Myvitamins, Myvegan, Myprotein Pro and MP Clothing. Ingenuity Commerce customers include Homebase and Hotel Chocolat. Ingenuity Infrastructure allows individual components to be purchased, whereas Ingenuity Commerce is an end-to-end e-commerce service encompassing all services on a longer term contract. Warehouse management system and automationĮnvironmental services ( recycling, carbon offsetting and tree planting) ![]() New product development and manufacturing Ingenuity is a service targeted at consumer brand owners seeking to expand or transition from physical retail stores into direct-to-consumer e-commerce in one or more territories. The division has its own product development and manufacturing facilities for both own-brands and third parties. It offers two subscription services through Lookfantastic and Glossybox which are designed to introduce consumers to new THG products. Each web store is localised to different territories, including localised pricing, promotions, content, marketing, influencers, customer service, couriers and payment options. It both owns brands (Ameliorate, Christophe Robin, ESPA, Eyeko, Grow Gorgeous, Illamasqua, Mio and Perricone MD) and its own web stores (Beauty Expert, Cult Beauty, Dermstore, HQhair, Lookfantastic, Mankind, RY, SkinCareRx and SkinStore). THG Beauty sells own-brand and third party cosmetics, including skincare, haircare, makeup and fragrances. įollowing criticism of the company's governance arrangements, Charles Allen replaced Moulding as chairman in March 2022, with Moulding remaining CEO. Afterwards, shares fell by 35%, wiping £1.8 billion off THG's value. On 12 October 2021, the company held a capital markets day to unveil its sustainability strategy with investors. However, by early October 2021, THG's share price had fallen by more than 60% since the start of the year. ![]() After the flotation, Moulding received one of the biggest payouts in UK corporate history of at least £830m in shares. The share price rose in value by 25% on the first day of trading, generating £920m for the company and £961m for the company's owners. On 16 September 2020, THG floated on the London Stock Exchange, the largest IPO on the LSE since 2013. In 2017, The Hut Group was valued at more than £2.5 billion making it one of the most valuable private companies in the United Kingdom, and one of the UK's unicorn companies. In August 2017, Sky News reported that Old Mutual Global Investors had made their first private equity investment in The Hut Group. BlackRock invested £138 million in February 2016, and Sofina announced an undisclosed equity stake in May 2016. In 2014, the company sold a 19.2% stake to KKR, while Balderton Capital, a technology investor, held an identical stake. Investors included Terry Leahy, a former chief executive of Tesco, and Stuart Rose, the chairman of Ocado. The group focused on beauty and lifestyle products because of the large margins and potential for international scaling. The company purchased Zavvi in 2009, Lookfantastic in 2010 and Myprotein in 2011. The creation of the iPhone in 2007 undermined this business model and The Hut Group began acquiring internet retailers and moving them into the group's existing systems and warehouses. The company sold CDs and DVDs online before creating white-label web stores for large physical retailers, including Asda, Argos Entertainment, Tesco and WHSmith. The company was founded in Manchester in 2004 with a £500,000 investment by Matt Moulding and John Gallemore. ![]()
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