According to a recent Reuters article, The Hut Group has acquired Glossybox from Rocket Internet and Kinnevik Online.
The article states that Glossybox will join Beautybox, Grow Gorgeous and Lookfantastic.com, in The Hut Group's portfolio.
The terms of the deal have not been disclosed.
For the full article, please visit: www.reuters.com
The Hut Group has reportedly bought Australian-based online hair care group, Ry, for an undisclosed amount.
In a recent www.prolificnorth.co.uk article, chief executive, Matthew Moulding, was quoted saying, “We are delighted at the acquisition of RY.com.au, a leading player in the growing Australian hair care and beauty market and a business that complements our existing beauty websites such as look fantastic and skin care store."
The Hut Group is expected to make more investments in the beauty market during the coming months.
For the full article please visit: www.prolificnorth.com