The hut group Flashcards
When was the hut group founded?
2004
Who was the hut group founded by ?
Matthew Moulding and John Gallemore
What dd the hut group begin doing?
Selling CD , DVD’s, and entertainment products online
white label solution - ecommerece technology - offline retailers - goods online
What happened in 2007?
vulnerable
emergence of iphone - music digitally
change products provided online
How did moulding expand the THG business model?
acquiring e-commerce companies
relocation - tech platform
What were the notable acquisitions of THG?
2009 - Zavvi Portfolio
2010 - Lookfantastic - 3rd largest retailer
What did moulding identify as one of the large margins and international scaling opportunities?
beauty and lifestyle
What further acquisitions secured its billion - dollar valuation?
2011 acquisition - Myproetin
2017 - Glossybox
Why is myprotein a shrewed acquistion?
costs 60 million
responsible half of holdings revenue
What does THG now do
150 websites
dtc brands
retailers - beauty , fashion , supplement sector