THE RETAIL BULLETIN - The home of retail news
Click here
Home Page
News Categories
Commentary
CX
Department Stores
Electricals and Tech
Entertainment
Fashion
Food and Drink
General Merchandise
Grocery
Health and Beauty
Home and DIY
Interviews
People Matter
Retail Business Strategy
Property
Retail Solutions
Electricals & Technology
Sports and Leisure
Christmas Ads
Shopping Centres, High Streets & Retail Parks
Uncategorized
Retail Events
People in Retail Awards 2024
Retail HR Summit
THE Retail Conference
Retail HR North 2025
Retail Ecom North
Omnichannel Futures 2025
Retail HR Central 2025
The Future of The High Street 2025
Retail Ecom Central
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
The Hut Group to acquire US skincare manufacturer

The Hut Group has agreed to acquire Bentley Laboratories, the US-based developer and manufacturer of prestige skincare and haircare products, in a $255 million deal.    The… View Article

HEALTH AND BEAUTY NEWS

The Hut Group to acquire US skincare manufacturer

The Hut Group has agreed to acquire Bentley Laboratories, the US-based developer and manufacturer of prestige skincare and haircare products, in a $255 million deal.  

 The purchase is expected to complete within the next 30 days.

Until now, THG has been a customer of Bentley which manufactures its Perricone MD brand. THG said the the acquisition  will enable it to bring the production of Perricone and other THG brands in-house. It will also help the business to accelerate  new product development.

As Bentley already partners with over 70 prestige beauty companies across the world, THG said the deal will also provide it with an opportunity to improve the service to these brands.

Bentley is expected to contribute sales of around $77 million and adjusted EBITDA of around $15 million in the 2022 financial year.

Matthew Moulding, executive chairman and chief executive of THG said: “The US is an important growth market for THG. This investment within our THG Labs division supports the Group’s vertical integration strategy, while further deepening our close and important relationships with brand owners across the global beauty industry.

“Bentley provides THG with US-based, pre-eminent in-house skincare and haircare new product development capabilities and manufacturing, which will be leveraged across THG’s expanding own beauty brand portfolio, as well as THG’s partner brands across Ingenuity and Beauty to embed THG even more deeply as a strategic partner to clients.”

Subscribe For Retail News