The Hut Group acquires Dermstore to expand its ecommerce capabilities in the US

SI

Stefana Ivan

04 Jan 2021 / 5 Min Read

According to Digital Commerce 360, THG is acquiring Dermstore for USD 350 million in cash from Target. The move will enable THG to expand in the US and comes after the company raised USD 2.6 billion in September, in one of Europe’s biggest initial public offerings of 2020.  

The deal will add about USD 182.20 million in sales to THG, previously known as The Hut Group. US regulatory approval is expected in late January 2021. 

Furthermore, the company is going to acquire its UK-based nutrition product suppliers Claremont Ingredients and David Berryman, Digital Commerce 360 stated.

Countries:
SI

Stefana Ivan

04 Jan 2021 / 5 Min Read

sign up banner
the paypers logo

The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.

 

The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.

 



No part of this site can be reproduced without explicit permission of The Paypers (v2.7).

Privacy Policy / Cookie Statement

Copyright