THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
The Hut Group acquires Glossybox

The Hut Group has acquired beauty box subscription service Glossybox from majority shareholders Rocket Internet and Kinnevik Online.

HEALTH & BEAUTY

The Hut Group acquires Glossybox

Founded in 2011 in Berlin, Glossybox operates in ten core markets from offices in the UK, Germany, France, Sweden and the USA. Through its subscription service, customers receive a box of beauty products on either a rolling monthly or fixed term basis.

Matthew Moulding, founder and chief executive of The Hut Group, said: “This is another significant investment for The Hut Group. In Glossybox, we have acquired a great brand, with a solid and engaged customer base that, once powered through our platform and marketing infrastructure, should be capable of further significant growth.”

The Hut Group is planning to build on Glossybox’s presence in Berlin where the office will evolve into a tech hub for the group.

The acquisition represents a strategic move for The Hut Group as it looks to extend its international reach. The group said it has built the foundations and infrastructure in subscriptions to accommodate the scope of Glossybox as its propriety ecommerce technology platform already underpins the subscription models of its Lookfantastic, Beauty Box, MyGeekBox and PopInABox brands.

Moulding added: “At The Hut Group we have a relentless focus on both technology and beauty.  With our world-class proprietary ecommerce platform, we are confident we will continue to deliver strong growth and extend our global reach.”

Caren Genthner-Kappesz, chief executive of Glossybox, said: “I am confident that, in The Hut Group, we have found the right strategic partner to drive our business forward.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy