Etailer The Hut Group is eyeing further acquisitions with a new £515m revolving credit facility.
The group will use the £515m for “general corporate purposes”, strategic initiatives and infrastructure development, on top of further acquisitions. These include “possible M&A in its beauty and wellbeing categories”.
Matthew Moulding, founder and chief executive at The Hut Group, said: “This year has seen a real acceleration in investment for THG, especially across beauty, infrastructure, technology and talent. This substantial new credit facility is another important step for the group and provides us with even more firepower to pursue our ambitions for further significant international growth.”