The Hut Group’s beauty branch is to be separated from the group and launched on the London Stock Exchange in 2022.
THG said the decision about whether its nutrition branch will be listed separately, and if so, when, remains under consideration.THG, which owns a host of retailers, brands and manufacturers, and builds and operates websites for third parties, went public last September on the LSE. At the time, it became the U.K.’s largest tech IPO and biggest marketing listing in the prior five years.
In the recent past, THG also acquired skin care brand Perricone MD for $60 million, adding the U.S. label to a beauty stable that already included Espa, Lookfantastic.com, Christophe Robin, Illamasqua, Mama Mio, Eyko and Ameliorate.In the LSE filing, THG also released its interim report for the six months ended June 30. In the period, THG’s sales reached 958.8 million pounds, up 44.7 percent on-year and representing a 95 percent rise over two years on a constant-currency basis.
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