Beauty ecommerce giant The Hut Group secures $1bn for more acquisitions

The Hut Group, the beauty and lifestyle online retailer, has secured a $1bn banking facility which will allow it to further expand its portfolio of businesses.

The ecommerce company is one of the biggest private companies in the UK and currently operates in over 160 different countries, offering a range of products but focusing primarily on beauty and wellness.

It has managed to get the additional funds of £195m from Barclays, HSBC, Santander, Citibank and JP Morgan. When added to the additional funds The Hut Group had already, the total now comes to £795m or $1bn.

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