Fashion Investments and M&A

Date: August 2021
Buyer: The Hut Group
Target: Cult Beauty
Business: Online beauty retailer
Value: £275m
Details: The Hut Group has acquired Cult Beauty which is the latest in a number of acquisitions by The Hut Group. It is understood that Cult Beauty will be fully migrated onto The Hut Group’s ingenuity platform by the end of 2021.

Date: 03 September 2018
Buyer: The Hut Group
Target: Acheson & Acheson
Business: Manufacturer for prestige beauty brands
Value: Between £50million – £100million
Details: Manchester based beauty tech firm, The Hut Group, has acquired beauty products manufacturer Acheson & Acheson indicating it is planning to spend a further £50million on expanding the target’s business formula in Europe and the US.