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The Hut Group acquires Cult Beauty for 275 million pounds

British fashion, beauty and wellbeing giant The Hut Group (THG) has acquired UK-based pure-play online beauty retailer Cult Beauty for 275 million pounds. THG said the move will be “highly complementary” to its existing portfolio, and added that Cult Beauty would retain “a very clear identity”. Founded in 2007 by Alexia Inge and Jessica Deluca,...

Aug. 4, 2021