One of the world’s largest online health and beauty
retailers purchases skincare brand ESPA from KSL Capital
Partners.
In a deal reportedly worth £100m, The Hut Group (THG) has
purchased ESPA. The acquisition is a strategic move for premium
beauty retailer THG, which sells products through
lookfantastic.com and is continuing to expand its beauty
offering and international reach. THG already owns a number of
luxury beauty brands including Mio Skincare, Grow Gorgeous and
Glossybox.
ESPA, which this month celebrates its 25th
anniversary, is sold in more than 700 spas across 50 countries.
More than five million treatments were carried out by
ESPA-trained therapists worldwide in 2016. See
our blog from Sue Harmsworth
ESPA founder Sue Harmsworth says: ‘I am delighted with this
acquisition, which paves the way for an exciting next chapter
in our journey. I’m confident that The Hut Group has the
passion and expertise to extend ESPA’s holistic philosophy,
which has been at the heart of our products, spas and
treatments for the last 25 years.’
Matthew Moulding, founder and chief executive of THG, says:
‘ESPA is an exciting addition to our growing portfolio. We
intend to invest substantially in the ESPA brand, especially in
manufacturing capabilities, to develop it into a true global
leader in its area. Our investment in acquiring the ESPA brand
further supports our ambition of becoming the world’s largest
online retailer of health and beauty products by the end of the
year.
https://www.thehutgroup.com/
https://www.espaskincare.com/
