THG making pretty penny with beauty etailer acquisition

The Hut Group has acquired Glossybox, a home delivery subscription service for beauty products. Glossybox has offices in the UK, US, France, Sweden and Berlin in Germany, where THG plans to build a tech hub for the group. THG has recently completed a fundraising push which has reportedly seen it reach a valuation of £2.5bn, up from just under £1bn two years ago.

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