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The Hut Group (THG) post record sales, international growth and talent investment for 2016
Runner striding along the street

Financial Highlights

 Group Sales up 50% to £501m (2015: £334m)

Operational Highlights

Talent Highlights

 The Hut Group is the number one place for ambitious young talent, having invested heavily in hiring and developing talented people to drive rapid expansion with:

Matthew Moulding, Chief Executive Officer of The Hut Group, commented:

 “I am delighted to report another milestone year for The Hut Group, with THG firmly cementing its place as a truly global business, and driving further our ambition to be the clear No.1 in online Health & Beauty across the world.

“In 2016, we launched over 100 websites across the Group, significantly extending our international reach, which was further highlighted by delivering international sales growth of 89%. We also continued our evolution of our health and beauty offering, with the acquisitions of Grow Gorgeous,,, and the prestigious Hale Country Club, the latter providing us with the opportunity to develop a global centre of fitness and wellbeing excellence. In addition to these initiatives, towards the end of 2016, we further expanded our presence in global nutrition with the acquisition of the US-based Ideal brands.

“As an addition, post year, we completed the acquisition of Hangar Seven, a leading British content creation business for video, photography and branding. With customers demanding to view creative content largely through video, we are investing heavily in creative resources to ensure we lead the way in delivering the best possible user experience across all corners of the world. This move, in particular, broadens our THG Platform proposition and complements our world-class technology platform with market-leading content and brand creation.

“2016 was a step change in investment for THG, in infrastructure, technology and talent, with £250m of investments made through the year and 1,200 UK jobs created, taking the workforce to 3,100 people. We have an extremely powerful foundation and a strong talent pool with which to catapult us through 2017 to deliver another landmark year for the Group.”