THG PLC Completion of acquisition (6315N)
February 02 2021 - 02:00AM
UK Regulatory
TIDMTHG
RNS Number : 6315N
THG PLC
02 February 2021
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 thg@powerscourt-group.com
Kavanagh
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.
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END
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