05 - 06 June 2024 in Munich CosmeticBusiness

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31/05/2021 CosmeticBusiness

THG is Growing and Investing

The e-commerce company for fashion, lifestyle and beauty The Hut Group (THG) has reported a revenue growth of 41.5 per cent in 2020.

According to the company, its preliminary results have revenues of 1.6 billion British pounds (about 1.8 billion euros). Following the acquisition of Dermstore, US revenue participation is expected to account for over 20 per cent. In 2021, the group reportedly aims to invest in 3.6 million square feet of fulfilment and personalisation capacity in the medium-term at key locations globally. Furthermore, the group will be opening studios in close proximity to its Manchester Head Office, offering high quality video production and photography capabilities for its brands and clients. Further information …

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