Hut Group opens door to beauty brand
THE HUT Group, the online health and beauty retailers, has announced the acquisition of ESPA, a spas and skincare brand, from affiliates of KSL Capital Partners.
Matthew Moulding, the founder and chief executive of The Hut Group, said: “ESPA is an exciting addition to The Hut Group’s growing portfolio of beauty brands.
“Synonymous with luxury, its products are sold in the most prestigious spas and retailers around the globe.
“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.
“Our investment in acquiring the ESPA brand further supports our ambition of becoming the world’s largest online retailer of health and beauty products by the end of the year.”