Hut Group plans listing

ONLINE retailer The Hut Group has revealed plans for a £4.5billion listing on the London Stock Exchange, as it looks to tap into investor appetite for the sector following the pandemic.

The MyProtein and ESPA owner said it is looking to raise around £920million through a share offering as it confirmed the intention to float.

The company, which was founded in 2004, has rapidly expanded as shoppers increasingly turn online for health and lifestyle brands.