The Hut Group, a well-known British e-commerce company recognized for its brands like Lookfantastic and Glossybox, has recently experienced a highly profitable debut on the stock market. The company managed to raise an impressive £1.88 billion through its initial public offering (IPO). This accomplishment has made it the largest IPO in London since the Royal Mail in 2013.

With a reported gross profit of £511 million in the previous year, The Hut Group has made a considerable impact on the beauty and e-commerce industry in a short period. Its listing on the London Stock Exchange has valued the company at £5.4 billion. Early trading showed that the stock price of The Hut Group increased by over 30%, reaching 653.6p.

Matthew Moulding, the founder, CEO, and chairman of The Hut Group, expressed his delight at the overwhelming support received from some of the world’s largest investors. He considers the successful IPO as a validation of the company’s business model, potential for growth, and recognition of the hard work and talent displayed by its employees. Moulding believes that this listing marks an exciting new phase in The Hut Group’s development and looks forward to embarking on this journey with its new shareholders.

Since its establishment in 2004, The Hut Group has expanded its business by acquiring various brands in the beauty industry. Notable acquisitions include Illamasqua, Eyeko, and Espa. In addition to its portfolio of brands, The Hut Group operates a range of e-commerce websites and provides an end-to-end direct-to-consumer e-commerce solution called THG Ingenuity. This innovative approach has attracted notable beauty brands like Burt’s Bees, Elemis, PZ Cussons, and Revolution Beauty as clients.

The Hut Group’s diversified strategy, coupled with its acquisitions and cutting-edge e-commerce solutions, have proven to be successful. In 2019 alone, the company achieved sales amounting to £1.1 billion, showcasing a remarkable 24% increase from the previous year. Over the past three years, the group’s sales have been growing consistently at an impressive compound annual growth rate (CAGR) of 31%.

With its exceptional performance and triumphant IPO, The Hut Group continues to solidify its position within the beauty and e-commerce industry. The company’s promising growth prospects and innovative approach have captured the attention of investors, creating an air of excitement about its future. As The Hut Group embarks on this new chapter, supported by its new shareholders, it will be fascinating to witness the unfolding of its journey.

Useful Links:
1. THG Official Website
2. HL.co.uk – The Hut Group IPO