23-25 Apr 2024
Phoenix Convention Center,
Phoenix,
United States
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28-30 Apr 2024
Radisson Blu Hotel,
Glasgow,
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08-08 May 2024
Hotel Melià ,
Milano ,
Italy
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10-12 May 2024
China Import & Export Fair Complex,
Guangzhou,
China
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13-16 May 2024
Conrad Chia Laguna Sardinia ,
Italy
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14 May 2024
JPMorgan Chase Headquarters,
New York City,
United States
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18-22 May 2024
The Ravenala Attitude Hotel,
Mauritius
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23-24 May 2024
Large Hall of the Chamber of Commerce (Erbprinzenpalais),
Wiesbaden,
Germany
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ESPA owner, The Hut Group, confirms £4.5bn IPO |
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By Megan Whitby 27 Aug 2020 |
The deal would see founder and CEO, Matthew Moulding, taking £700m-worth of shares if the company achieves a market capitalisation of £7.25bn by December 2022 Credit: The Hut Group
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The Hut Group (THG), owner of ESPA, has announced plans for a £4.5bn IPO, after several years mulling the prospect.
The group is planning to float around 20 per cent of the company in a deal that would see founder and CEO, Matthew Moulding, taking £700m-worth of shares if the company achieves a market capitalisation of £7.25bn by December 2022, according to Sky News.
The float is planned for 16 September and will be the London Stock Exchange’s biggest float of the year so far.
UK-based THG was established in 2004 and now operates over 200 localised websites, retailing consumer products in 169 countries.
In 2019, it grew sales by 24 per cent to £1.14bn, with 66 per cent of sales generated internationally.
Employing over 7,000 people, the group owns a range of beauty, wellness and nutrition brands, including Christophe Robin, Eyeko and Myprotein.
Moulding said: “Our intention to float THG reflects not only the achievements of the past, but also our strong belief in its significant potential for the future.
“THG has enjoyed strong growth since being founded in 2004, employing more than 7,000 people and establishing a track record of consistent delivery for customers.”
In June, THG’s technology services division, THG Ingenuity, also announced the signing of partnership agreements with Elemis, Burt’s Bees, Nuxe, By Terry and Revolution Beauty, collectively worth more than £100m.
The partnerships were signed so THG Ingenuity can accelerate each brand’s transition towards a direct-to-consumer (DTC) model to meet growing online consumer demand.
The Elemis partnership will see THG launching the brand through localised DTC channels across 15 territories in Europe and Asia over the next 10 months.
Elemis is also leveraging THG’s local expertise and global distribution centres in the UK, Poland, Australia and Singapore to achieve fulfilment efficiencies and offer shorter delivery times and enhanced shopping experiences to customers.
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News |
1 to 12 of 8703 news stories |
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24 Apr 2024
The US spa industry is continuing its upward trajectory, achieving an unprecedented milestone with a record-breaking revenue of US$21.3 billion in 2023, surpassing the previous high of US$20.1 billion in 2022. This data stems from ... More
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24 Apr 2024
Short-term incentives to exercise, such as using daily reminders, rewards or games, can lead to sustained increases in activity, according to new research. Researchers found that even a simple daily reminder encouraged people to move ... More
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24 Apr 2024
Spa and wellness veteran Shannon Malave has been named spa director at iconic US spa destination Mohonk Mountain House. Based in New York’s verdant Hudson Valley and founded in 1869, Mohonk is a historic Victorian ... More
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23 Apr 2024
Six Senses Kyoto opens its doors today, marking the eco-luxury hotel and spa operator’s entry into Japan and a new addition to its urban collection. Situated in the historic Higashiyama district, the 81-key hotel is ... More
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23 Apr 2024
The UAE’s first-ever Dior Spa has officially launched at The Lana, Dubai – the Dorchester Collection’s debut property in the Middle East. Bathed in natural daylight on the hotel’s 29th floor, Dior Spa The Lana ... More
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22 Apr 2024
The Sacred River Spa at Four Seasons Resort Bali at Sayan will reopen later this year with an all-new design plus enhanced treatments and experiences inspired by its river valley home. Nestled amid rich tropical ... More
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18 Apr 2024
The Global Wellness Institute (GWI) has released new data on the US’ wellness economy, valuing it at US$1.8 trillion. According to the organisation's recent report – called The Global Wellness Economy: United States – the ... More
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19 Apr 2024
UK sauna enthusiasts will converge at Galgorm Resort in Northern Ireland next week for the highly anticipated second annual UK Aufguss Championships. Hosted from 22-24, the event will see competitors from across the UK showcasing ... More
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17 Apr 2024
Remedy Place, a US-based social wellness club brand, is poised for steady expansion in the coming years, with plans to open two new clubs annually moving forward Remedy Place is the brainchild of Dr Jonathan ... More
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16 Apr 2024
Swiss longevity brand Clinique La Prairie (CLP) has inked a deal with Montara Hospitality Group to operate a resort at Tri Vananda – a purpose-built wellness community in Phuket, Thailand. Tri Vananda, envisioned as a ... More
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15 Apr 2024
Six Senses has announced the grand opening of its first-ever property and spa in the Caribbean, called Six Senses La Sagesse. With a picturesque beachfront setting and surrounded by verdant hills, Six Senses La Sagesse ... More
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12 Apr 2024
A brand new desert hot springs oasis, called Zion Canyon Hot Springs, is set to open in Southern Utah in Q3 of 2025. Situated 30 minutes from the majestic Zion National Park, the US$60 million ... More
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Devin Consulting |
Devin Consulting, an international pool & spa engineering consultancy, founded by Tom Devin in 2000.
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