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ESPA owner, The Hut Group, confirms £4.5bn IPO
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
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.


News
1 to 12 of 7720 news stories
04 Mar 2021
Leading spa figures Marina Efraimoglou, Dr Daniel Friedland, Corinna Yap and Ophelia Yeung, came together in an inspirational virtual panel on 1 March to share their experiences of fighting cancer and to shine a light ... More
02 Mar 2021
According to a recent survey conducted by The Sustainable Spa Association (SSA), just 33 per cent of spa businesses contribute towards the United Nations’ 17 SDG Development Goals (SDGs). The SDGs are included in the ... More
01 Mar 2021
Kempinski Hotels has completed the acquisition of Resense Spa SA as part of the expansion of its wellness and wellbeing strategy. Resense, which was originally founded as a joint venture between Kempinski and spa consultancy ... More
01 Mar 2021
The Asia Pacific Spa and Wellness Coalition (APSWC) has unveiled new details about its upcoming 2021 Round Table Conference, scheduled for 15-17 March. The annual event always produces a white paper that pinpoints the region’s ... More
28 Feb 2021
Six Senses Hotels Resorts Spas has expanded its portfolio with a new eco-wellness resort in Mantiqueira, Brazil, nestled amongst flourishing forests and situated at the meeting of three valleys. Six Senses Botanique was opened after ... More
25 Feb 2021
Baca Architects has submitted a scheme to transform an unused UK quarry lake and surrounding land into a unique eco-wellness resort centred on waterside living and water-based recreation. The 80-hectare Ashwicken Lake site is situated ... More
24 Feb 2021
The Hot Springs Connection has announced its third-annual conference is scheduled to take place in person at Quinn’s Hot Springs Resort in Paradise, Montana, on May 17-20 2021. Established in 2018, the convention is claimed ... More
24 Feb 2021
The iconic Beverly Hills Hotel Spa in Los Angeles has reopened its doors after seven months of extensive refurbishment and redesign. Christopher Cowdray, CEO of the Dorchester Collection – luxury operating company of the Beverly ... More
23 Feb 2021
US-based skincare company Heyday has announced a US$20m (£14.2m €16.5m) Series B round of funding led by Level 5 Capital Partners (L5), with participation from existing investors Lerer Hippeau and Fifth Wall Ventures. Heyday has ... More
22 Feb 2021
UK Prime Minister Boris Johnson has announced non-essential retail, including spas, salons, close-contact services and gyms, could reopen by 12 April 2021, at the very earliest. Johnson revealed the news today as part of step ... More
22 Feb 2021
A collection of industry organisations, including The British Beauty Council, are working closely with the UK Government to present proposals for a package of industry-saving measures. These include a VAT cut for reopened salon and ... More
22 Feb 2021
Luxury Hawaiian wellness enclave, Sensei Lāna‘i, A Four Seasons Resort has launched an Optimal Wellbeing Programme in partnership with WHOOP, the human performance and wearable tech company. Located at the island resort on Lāna‘i, the ... More
     
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NEWS
ESPA owner, The Hut Group, confirms £4.5bn IPO
POSTED 27 Aug 2020 . BY Megan Whitby
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
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.
RELATED STORIES
Noella Gabriel promoted to Elemis’ global president in leadership shake up


Elemis has appointed its co-founder and president of Elemis USA, Noella Gabriel, to global president, effective immediately.
Elemis and Gharieni will debut in Ireland at Johnstown Estate spa following €3.5m revamp


Luxury Irish spa resort, The Johnstown Estate, in County Meath, has invested €3.5m (US$4.13m, £3.18m) in creating a new spa nearly twice the size of its previous facility, scheduled to launch early November 2020.
Sue Harmsworth to leave ESPA


Sue Harmsworth has announced her departure from ESPA International, the company she founded 25 years ago, saying the move will enable her to concentrate on her passions for spa, integrative medicine, health and wellbeing, and to develop new partnerships and projects.
Breaking: The Hut Group acquires ESPA


Online health and beauty retailer The Hut Group is acquiring spa and skincare brand ESPA from affiliates of KSL Capital Partners in a reported £100m deal.
MORE NEWS
Heartfelt messages from spa industry 'flourishing in adversity' panel
Leading spa figures Marina Efraimoglou, Dr Daniel Friedland, Corinna Yap and Ophelia Yeung, came together in an inspirational virtual panel on 1 March to share their experiences of fighting cancer and to shine a light on an increasingly important area for the global wellness industry.
Sustainable Spa Association finds 33 per cent of spa businesses contribute to UN’s 17 SDGs
According to a recent survey conducted by The Sustainable Spa Association (SSA), just 33 per cent of spa businesses contribute towards the United Nations’ 17 SDG Development Goals (SDGs).
Kempinski buys Resense Spa as shareholders exit
Kempinski Hotels has completed the acquisition of Resense Spa SA as part of the expansion of its wellness and wellbeing strategy.
Asia Pacific Spa and Wellness Coalition gears up for first virtual Round Table in March 2021
The Asia Pacific Spa and Wellness Coalition (APSWC) has unveiled new details about its upcoming 2021 Round Table Conference, scheduled for 15-17 March.
Six Senses transforms Brazilian resort previously backed by co-founders of The Body Shop and AOL
Six Senses Hotels Resorts Spas has expanded its portfolio with a new eco-wellness resort in Mantiqueira, Brazil, nestled amongst flourishing forests and situated at the meeting of three valleys.
Baca Architects submits scheme for floating eco-wellness sanctuary and spa
Baca Architects has submitted a scheme to transform an unused UK quarry lake and surrounding land into a unique eco-wellness resort centred on waterside living and water- based recreation.
+ More news   
 
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