Hut Group set for more acquisitions with £515m credit facility
Cheshire-based online health and beauty company The Hut Group has received a £515m revolving credit facility as it bids to grow into a “truly global company”.
Acquisitive THG has most recently snapped up British make-up brand Illamasqua reportedly for £25m, beauty box subscription services firm GlossyBox and Australian beauty retailer RY while in May it bought internet service provider UK2 from private equity company LDC.
The company saidit will use the funding to invest in further infrastructure development.
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