5th Oct 2017

The Hut Group acquires ESPA

The Hut Group acquires ESPA

One of the world’s largest online health and beauty retailers purchases skincare brand ESPA from KSL Capital Partners.

 

In a deal reportedly worth £100m, The Hut Group (THG) has purchased ESPA. The acquisition is a strategic move for premium beauty retailer THG, which sells products through lookfantastic.com and is continuing to expand its beauty offering and international reach. THG already owns a number of luxury beauty brands including Mio Skincare, Grow Gorgeous and Glossybox.

 

ESPA, which this month celebrates its 25th anniversary, is sold in more than 700 spas across 50 countries. More than five million treatments were carried out by ESPA-trained therapists worldwide in 2016. See our blog from Sue Harmsworth

 

ESPA founder Sue Harmsworth says: ‘I am delighted with this acquisition, which paves the way for an exciting next chapter in our journey. I’m confident that The Hut Group has the passion and expertise to extend ESPA’s holistic philosophy, which has been at the heart of our products, spas and treatments for the last 25 years.’

 

Matthew Moulding, founder and chief executive of THG, says: ‘ESPA is an exciting addition to our growing portfolio. We intend to invest substantially in the ESPA brand, especially in manufacturing capabilities, to develop it 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.

 

https://www.thehutgroup.com/              https://www.espaskincare.com/

 

 

 

 

 

 

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