The Hut Group launches debt facilities to boost beauty investments

The Hut Group raises €1bn to help fund expansion
The Hut Group reveals 1 billion euro of new capital injection will pave the way for the beauty platform's expansion.
// The Hut Group reveals details of new debt facilities which will be used to bolster global presence
// Its Term Loan B (TLB) debt issuance raises £510m with a 7-year maturity and a 5-year £150m revolving credit facility
// The group expects this to be a “step change” in the beauty & wellness consumer brand group’s capital structure

The Hut Group has launched its inaugural Term Loan B (TLB) debt issuance, raising £510 million with a seven-year maturity, plus a five-year £150 million revolving credit facility to help bolster its global presence.

The transaction, which has been fully underwritten by Barclays, HSBC, Citi and Santander, is expected to be a “step change” in the beauty and wellness consumer brand group’s capital structure.

The Hut Group said it will use the loan to progress its international proposition, build brands of scale and develop its technology and infrastructure.


“This is another major step forward for THG and a testament to the strength of the business we have built,” The Hut Group founder and chief executive Matthew Moulding said.

“These new debt facilities provide the company with significant investment capability enabling us to further drive our proposition across global markets, build brands of scale and continue to develop our leading technology, infrastructure and people,” he said.

The group reported growing sales of £80 million in 2010, to in excess of £1 billion, with two-thirds generated across Europe, Asia and the US.

More than 50 per cent of revenue comes from its own brands including Myprotein and a portfolio of beauty products including ESPA, Christophe Robin, Ameliorate, Grow Gorgeous, Mio Skincare, Illamasqua and Eyeko.

The Hut Group also sells over 850 well-established beauty brands such as Estee Lauder, MAC, Tom Ford, Bobbi Brown, Jo Malone and Loreal.

Click here to sign up to Retail Gazette‘s free daily email newsletter


Please enter your comment!
Please enter your name here