The Hut Group has made a significant impact in the business world, surpassing the impressive milestone of £1 billion in sales. This Manchester-based company has gained recognition for its ownership of popular beauty and wellness brands such as Espa, Mama Mio, and Myprotein, solidifying its position as a major player in the industry.
In addition to its successful brands, The Hut Group operates multi-brand retailer Lookfantastic, a key player in the online beauty market. What sets The Hut Group apart is its proprietary e-commerce technology engine, which is continuously expanding and enhancing its presence in the market.
In the past year, The Hut Group experienced a remarkable 24% increase in sales, reaching a total of £1.1 billion. The beauty division accounted for 46% of total revenues, with wellbeing and technology making up 36% and 17% respectively. The company’s technology division, in particular, is expected to play a pivotal role in its future success.
Gross profit for the year also saw a significant increase, rising by 22% to £511 million. Adjusted EBITDA followed suit with a 22% increase to £111 million. Founder and CEO Matthew Moulding attributes the company’s success to investments in infrastructure, technology, brands, and people.
Moulding highlights the importance of THG Ingenuity, the company’s end-to-end technology platform driving both its own brands and partnerships with major global consumer groups. The Hut Group has expanded its global fulfilment capabilities, reaching customers in 169 countries, and has invested in its influencer platform, engaging over 5,000 influencers to promote brands. The ongoing development of the company campus underscores The Hut Group’s commitment to employee growth and development.
With a robust portfolio of prestigious brands and a dedication to innovation and development, The Hut Group is poised for continued success and growth in the industry.
For more information on The Hut Group, visit their official website here. To explore their brands and products, click on this link here.
