Date Posted: Tuesday 5th January 2021
The Hut Group has acquired US online retailer of prestige skincare and speciality beauty brands Dermstore.com for $350 million, subject to regulatory approval in the US. Founded in 1999, Dermstore.com was established to provide online access to professional-grade skincare in the US.
The Hut Group has also acquired two longstanding THG Nutrition suppliers, Claremont Ingredients and David Berryman, for a combined price of £59.5 million. THG has said that this "reflects our commitment to building best-in-class product innovation and manufacturing facilities to support our THG Nutrition portfolio of global, digital-first brands."
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