The Hut Group has announced a 515 million pounds (676 million dollars) revolving credit facility, which the company said will be used for general corporate purposes plus any strategic initiatives the group may undertake, including possible M&A in its beauty & wellbeing categories, as well as infrastructure development. Commenting on the...
Oct 24, 2017
The Hut Group has closed in on a valuation of 2.5 billion pounds after securing 125 million pounds investment through a funding round. The online retailer, which own fashion chain Coggles among other lifestyle brands, has secured an investment of 125 million pounds from Old Mutual Global Investors, according to ‘Sky News’. Existing shareholders...
Aug 13, 2017
The Hut Group is reportedly poised to raise new funds that will push the company's valuation to close to 1 billion pounds. Media reports that the retail group would be working with investment bankers at Barclays to sell between 50 and 100 million pounds of new shares. Sky News has learnt that The Hut Group, expects the proceeds to be used to...
Jul 5, 2015
