The Hut Group is a digital retail group which owns brands such as Glossybox, Coggles, Illamasqua and Skin Store. During the year, The Hut Group created around 1,500 jobs, largely in the North West, taking its total global workforce to more than 5,000 staff.
Recently annual sales have soared at The Hut Group over the past year on the back of its continued acquisition drive. Recently the digital retail group, has reported a 24% surge in sales to £916m for the year to 31 December 2018, up from £736m a year earlier. The group, which specialises in health, fashion and well-being brands, saw earnings before tax and interest jump 31% to £91m during the year. Sales growth was driven by around £180m worth of investments, including a number of major acquisitions.
It spent £82m on strategic acquisitions in 2018, snapping up language technology business Language Connect, beauty research business Acheson & Acheson and eye cosmetic brand Eyeko.
It also pumped £98m of capital investment into technology and infrastructure projects over the period.