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.”