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December 30, 2020

E-commerce retailer THG to acquire Dermstore.com for $350m

UK’s e-commerce retailer The Hut Group (THG) has agreed to acquire Dermstore.com, a US pure-play online retailer of prestige skincare and speciality beauty brands from Target for $350m in cash.

UK’s e-commerce retailer The Hut Group (THG) has agreed to acquire Dermstore.com, a US pure-play online retailer of prestige skincare and speciality beauty brands from Target for $350m in cash.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
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Established in 1999, Dermstore.com provides online access to professional-grade skincare in the US.

The completion of the deal is subject to regulatory approval in the US.

THG aims to establish itself as a global digital partner of choice in the beauty industry, powering channel shift from offline to online.

With the acquisition of Dermstore.com, THG is expected to enhance its beauty strategy by significantly strengthening its relationships with the key global beauty brands.

The deal is also expected to enable THG to increase the scale of its beauty box business by gaining the Dermstore.com customer base.

In addition, it is anticipated to create an opportunity to speed up the growth of THG’s beauty brands via a new and large US customer base.

THG chairman and CEO Matthew Moulding said: “A key driver behind the decision to list THG on the London Stock Exchange just over three months ago was to enable the Group to make major global investments, such as Dermstore.com.

“Accessing capital through a London listing has enabled us to accelerate our growth plans and build out a global leadership position within the exciting beauty industry. We are delighted to welcome Dermstore.com into our growing portfolio of online beauty assets.”

THG has also announced the acquisition of two of its long-standing UK-based nutrition product suppliers, Claremont Ingredients and David Berryman, for a combined purchase price of £59.5m payable in cash.

Claremont is UK’s independent flavour manufacturer and development laboratory for sports nutrition and beverages, while Berryman is one of the UK’s fruit-based ingredients specialists, with canning and bottling capabilities.

Moulding added: “We are also pleased to announce the acquisitions of Claremont and Berryman’s. These two businesses are highly complementary, with Berryman’s accelerating our capabilities in drinks range development for the individual brands within THG Nutrition.”

In September this year, THG announced its plans to float on the London Stock Exchange (LSE).

The company said that if it proceeds with an initial public offering (IPO), the offer would include its newly issued shares and an offer of existing shares to be sold by existing shareholders.

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Walmart: Going Beyond Company Disclosures

Walmart has rounded out its fiscal year with a strong set of numbers that show it has taken supply chain disruption, rising costs, heavy inflation, and various other problems in its stride. There is comfortable growth on both the top and bottom lines, which is extremely respectable given tough prior year comparatives. Walmart hiring is slowing down as compared to hiring in the months of April and March in 2022. Walmart posted close to 40,000 vacancies in March and 30,000 in April, which has gone below 10,000 in June 2022. Walmart Company Filings has most of the mentions related to the ESG and COVID-19 themes in 2021. ESG has more than 300 mentions in the company’s 2021 filings which indicates the rising focus on ESG-related issues. Our report on Walmart: Going Beyond Company Disclosures, demonstrates GlobalData Explorer’s ability to:  
  • Track and monitor a company’s movements through alternative indicators to gain insights into the strategy before it is disclosed by the company
  • Gain insight into a company’s capital deployment strategy, by assessing historical deal volumes and specific transactions executed by the company, in addition to identifying sectors of focus
  • Go beyond basic financial information, to access key industry-relevant indicators for a company and how these have progressed over time
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.