Last checked at 2 Feb 2021 07:00
02 February 2021
THG plc
Completion of acquisition
THG plc ("THG" or the "Group"), the global technology platform specialising in taking brands direct to consumers ("D2C"), announces that, further to the announcement made on 29 December 2020, it has completed the acquisition of Dermstore LLC ("Dermstore.com") following satisfaction of the completion conditions.
Matthew Moulding, Executive Chairman and CEO commented:
"We are delighted to welcome the Dermstore.com team to THG and accelerate our ambition to be the global digital partner of choice across the beauty industry.
"THG's acquisition of the US number 1 pure-play online prestige skincare business means over 20% of the Group's sales are now within the US, presenting an exciting opportunity to further scale the wider Group in a key global market."
For further information please contact:
Investor enquiries - THG plc | |
Kate Grimoldby/Clara Melia | Investor.Relations@thg.com |
Media enquiries - | |
Powerscourt - Financial PR adviser | Tel: +44 (0) 20 7250 1446 |
Victoria Palmer-Moore/Nick Dibden/Lisa Kavanagh | thg@powerscourt-group.com |
THG plc Viki Tahmasebi
|
Viki.tahmasebi@thg.com |
ENDS
Notes to editors
THG (www.thg.com) is a vertically integrated digital-first consumer brands group, retailing its own brands, in beauty and nutrition plus third-party brands, via its proprietary technology platform to an online and global customer base. THG is powered by THG Ingenuity, its proprietary end-to-end e-commerce technology, infrastructure and brand building platform. THG's business is operated through the following businesses:
THG Ingenuity: Provides an end-to-end direct-to-consumer e-commerce solution for consumer brand owners under Software as a Service licences, in addition to stand-alone digital services, including hosting, studio content and translation services and Beauty product development and manufacturing.
THG Nutrition: A manufacturer and online D2C retailer of nutrition and wellbeing products and owner of the world's largest sports nutrition brand Myprotein, including its family of brands Myvegan, Myvitamins, Command, MP Clothing and Myprotein Pro.
THG Beauty: The globally pre-eminent digital-first brand owner, retailer and manufacturer in the prestige beauty market, combining its prestige portfolio of nine owned brands across skincare, haircare and cosmetics, the provision of a global route to market for over 850 third-party beauty brands through its portfolio of websites, including Lookfantastic, Skinstore and Mankind and the beauty subscription box brand GLOSSYBOX.
THG OnDemand: Personalisation and customisation is a key offering within THG OnDemand, enabling brands to offer unique products to a vast range of consumers across THG's global territories through websites including Zavvi, IWOOT and Pop in a Box.
Other: Luxury D2C websites including Coggles, AllSole and MyBag, in addition to THG Experience. The latter comprises prestige events locations at Hale Country Club & Spa, King Street Townhouse Hotel and Great John Street Hotel, providing deeply experiential brand building environments, most notably in support of THG Society, the Group's proprietary influencer marketing platform.