The Hut Group news and archive

The Hut Group readies 515 mn pounds credit, eyes more acquisitions

The Hut Group has announced a 515 million pounds (676 million dollars) revolving credit facility, which the company said will be used for general corporate purposes plus any strategic initiatives the group may undertake, including possible M&A in its beauty & wellbeing categories, as well as infrastructure development. Commenting on the...

Report

The Hut Group secures 125m investment and reaches 2.5b valuation

The Hut Group has closed in on a valuation of 2.5 billion pounds after securing 125 million pounds investment through a funding round. The online retailer, which own fashion chain Coggles among other lifestyle brands, has secured an investment of 125 million pounds from Old Mutual Global Investors, according to ‘Sky News’. Existing shareholders...

Business

The Hut Group to reach 1 billion valuation after new fundraising

The Hut Group is reportedly poised to raise new funds that will push the company's valuation to close to 1 billion pounds. Media reports that the retail group would be working with investment bankers at Barclays to sell between 50 and 100 million pounds of new shares. Sky News has learnt that The Hut Group, expects the proceeds to be used to...