// The Hut Group denies beauty suppliers are reducing the flow of stock
// THG said Dermalogica has not and is not looking to place restrictions on its trading relationship with THG Beauty
The Hut Group has denied that its beauty suppliers are reducing the flow of stock to the online retailer after concerns that it is implementing heavy discounts.
In response to recent media speculation regarding the restriction of supplies to THG Beauty, THG said Dermalogica has not placed and is not looking to place any restrictions on its trading relationship with THG Beauty, including with regard to the supply of stock.
The Dermalogica and THG Beauty trading relationship is over 10 years in length and whilst it remains “very positive” the overall revenues generated at at 0.1% of FY 2021 sales.
READ MORE: The Hut Group in dispute with beauty brands over discounting
It is not aware of any other key supplier to THG Beauty who has or who intends to reduce supply or take any similar steps in relation to THG Beauty.
THG Beauty added over 200 new beauty brands to its retail destination sites, on a net basis, during FY 2021.
THG entered the beauty market at the end of 2010 and, as THG Beauty, has since grown into a business delivering beauty sales of £1.1 billion during its 2021 financial year.
THG said it remains focused on building long-term relationships with its suppliers.
Click here to sign up to Retail Gazette‘s free daily email newsletter
