71
Fashion Jobs
L'OREAL GROUP
Multi-Brand Education Manager
Permanent · JOHANNESBURG
L'OREAL GROUP
E-Commerce Manager
Permanent · JOHANNESBURG
BEIERSDORF
Brand Manager
Permanent · DURBAN
G-STAR
Key Account Manager
Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
Permanent · JOHANNESBURG
PUMA
Payroll Administrator
Permanent · CAPE TOWN
ADIDAS
Senior Manager Sales: Shoe Channel - em South
Permanent · CAPE TOWN
ADIDAS
Senior HR Business Partner (6-Months Maternity Cover)
Permanent · CAPE TOWN
L'OREAL GROUP
Product Manager
Permanent · JOHANNESBURG
TREK
Country Manager
Permanent · SANDTON
L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
Clinique - Roamer - Edgars Eastgate, Gauteng - 40 Hours - Full-Time - Permanent
Permanent · JOHANNESBURG
PANDORA
Sales Assistant Ppt 96 Hours Balito
Permanent · DURBAN
L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
Permanent · CAPE TOWN
ADIDAS
Specialist Franchise Excellence - Ems Africa Export
Permanent · CAPE TOWN
LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
Published
Jul 30, 2018
Reading time
2 minutes
Download
Download the article
Print
Text size

The Hut Group secures $1bn for yet more beauty acquisitions

Published
Jul 30, 2018

The owner of Espa, Glossybox and Lookfantastic has secured a new $1 billion banking facility as it continues to build its beauty and wellness portfolio to become the global digital leader in the sector.


Photo: Illamasqua


The Hut Group said the facility, provided by Barclays, HSBC, Santander, Citibank and JP Morgan, will help it fund its international expansion, particularly in the US and Europe.

The British group had previously secured a £600m credit facility for what it described as “strategic initiatives”, provided by its wider banking syndicate including Bank of Ireland, Lloyds, JP Morgan and Silicon Valley Bank.

Coupled with the new £195m facility, the group has now £795m at its disposal for further acquisitions. The move gives The Hut Group “significant firepower” to build its portfolio, said CEO Matthew Moulding.

It builds on the group’s stellar performance last year, with sales growing by 47% to £736m driven by a string of acquisitions including Glossybox, ESPA and Illamasqua. The group also owns RY.com.au, Mio Skincare and Beauty Expert.
 
“We are delighted with the continued backing from our lenders whose participation in this new facility demonstrates their belief in our plans for future growth and strong acquisition strategy,” said Matthew Moulding, chief executive.

“The world of beauty and wellbeing is being transformed globally by a digital channel shift and the explosion in high growth, small to medium-sized independent brands.

“This $1 billion (USD) facility gives us significant firepower and makes us a serious player in building out our portfolio of Beauty and Wellbeing brands. We are uniquely well-placed to become the global digital leader across such an exciting sector.”

Copyright © 2024 FashionNetwork.com All rights reserved.