UK Investment Guides Loader
trending now

Please scroll down to view and accept privacy policy to continue

OUR PRIVACY AND COOKIE POLICY

This Privacy and Cookie Policy states what we will do with your Personal Data once you have submitted your details to the site. By submitting your details, you agree to the principles of this policy. We comply with the Data Protection Act 1998. Any information you give to UK Investment Guides will be held with the utmost care and will not be used in ways that you have not consented to. If you have any requests concerning your personal information or any queries with regard to these practices please contact our Data Manager via email: info@ukinvestmentguides.com

Collection of Information

We collect personal information in a number of different ways. These include email enquiry forms which can be found on our contact us page, through data capture forms found on guide or report download pages and through cookies. You can find out more about what cookies are and why we use them further down this document.

Use of Personal Information

Your personal data will be used by UK Investment Guides to communicate with you. This will take the form of emailing you our product newsletters, sending you specially selected Third Party advertising offers, or communicating with you regarding our service so long as you have opted-in to receiving any of the former. Your personal information will not be used for any purpose not directly related to UK Investment Guides business offering. At any point you can unsubscribe from any or all of our communications by clicking the unsubscribe link which we make available on all our communications. If you have problems doing this you can contact us on 020 3674 7958 and ask to speak with our Data Manager or email info@ukinvestmentguides.com

Data Capture Forms

We will send you information according to the preferences you submitted via our data capture form. If you would like to change these preferences at any point, please email us at info@ukinvestmentguides.com or call us on 020 3674 7958. Alternatively, you can also write to us: Data Manager, 11A, Challenge House, 616 Mitcham Road, Croydon, CR0 3AA

Marketing

On occasion we may market to you products and services related to UK Investment Guides business offering (including updates to our service offering) and also offers from carefully selected advertisers where you have opted-in to receiving such communications. If at any point you would like to opt-out of receiving communications from us, or you would like to change the channels that we use to contact you, please contact us at info@ukinvestmentguides.com. Additionally, you can unsubscribe from any or all of our communications by clicking the unsubscribe link that is available on all of our communications.

Please note that we can only unsubscribe e-mail addresses we know about and not any forwarding or linked addresses from whose accounts a request may be received. To ensure you stop receiving our e-mails, please provide the original e-mail address you signed up with or all addresses you think we may hold.

Other Websites

Our website may contain links to other websites that are outside our control and are not covered by this Privacy Policy. If you access other sites using the links provided, the operators of these sites may collect information from you that will be used by them in accordance with their privacy policies which may differ from ours.

Subject Access Requests

You have the right to see what personal data we hold about you. To obtain a copy of the personal information that we hold about you, please write to us: please email us at info@ukinvestmentguides.com . Alternatively, you can also write to us: Data Manager, 11A, Challenge House, 616 Mitcham Road, Croydon, CR0 3AA.

Internet-based Transfers

Given that the Internet is a global environment, using it to collect and process personal data necessarily involves the transmission of data on an international scale. This means, for instance, that data you pass to us may be processed outside the European Economic Area, although the data will always be held securely and in-line with the requirements of UK data protection legislation. By communicating electronically with us, you acknowledge and consent to our processing of personal data in this way.

Amendments

Please note that this privacy policy is subject to change from time to time. It was last updated in April 2017.

I agree with UK Investment Guides Privacy Policy:  

The Hut Group starts the new year with acquisitions

written by Bella Palmer
ipo

THG is using its new status to expand overseas through the acquisition of Dermstore.Com

The most successful UK IPO of 2020 is hitting the ground running in 2021. The Hut Group which runs a number of high-end e-commerce sites and brands listed on the London Stock Exchange in September 2020 in the largest UK IPO for seven years.

Since debut, the stock has risen in value and finished 2020 with a market cap around £6.80 billion making it theoretically large enough to qualify for inclusion in the FTSE 100 index, the benchmark that tracks the performance of the UK’s leading shares.

The Hut Group is using its new status to expand overseas through the acquisition of Dermstore.Com for £259 million from US retail chain giant Target. Dermstore specialises in online skincare and should sit in the “brands vertical” within The Hut Group structure, which already contains businesses in the beauty and nutrition spaces.

Indeed The Hut Group is also adding to its stable of nutritional brands with the purchase of two UK based suppliers David Berryman and Claremont Ingredients for which it’s paying a combined £60 million.

Hut Group founder Matthew Moulding is well versed in the world of online technology and retail having previously been at the now-defunct Phones4U, the mobile phone empire founded by Billionaire John Cauldwell. Hut Group’s CFO John Gallenmore is also another former Phones4U executive.

The Hut Group’s IPO was a feather in the cap for the London equity markets in a difficult year, although the company doesn’t meet the governance standards necessary for inclusion in the top flight of UK listed equities, as Matthew Moulding holds the roles of both Chairman and Chief Executive at the company, something that is increasingly frowned upon by ESG savvy investors who demand transparency and independence in the boardroom.

The Hut Group will publish its Q4 trading update on January 12th though it did provide some guidance in early December when it announced that it had been trading ahead of expectations during October and November.

Disclaimer:

The opinions expressed by our writers are their own and do not represent the views of UK Investment Guides. The information provided on UK Investment Guides is intended for informational purposes only. UK Investment Guides is not liable for any financial losses incurred. Conduct your own research by contacting financial experts before making any investment decisions.

Share this post with friends!

Related Posts