One of the world’s largest online health and beauty retailers the Hut Group has announced the acquisition of ESPA, a world-renowned leader in spas and skincare.
ESPA products and treatments are sold in over 700 spas across 50 countries in hotels including ESPA Life at The Corinthia London, Ritz Carlton, Peninsula and One&Only.
The investment represents another strategic move for the Hut Group as it continues to expand its Beauty offering and international reach. The Hut Group is already Europe’s largest retailer of premium beauty including MAC, Bobbi Brown, Nars and Lancôme products through Lookfantastic.com, and also owns a host of luxury Beauty brands including Mio Skincare, Mama Mio, Grow Gorgeous and GLOSSYBOX, and now ESPA.
“I am truly confident that The Hut Group has the passion and expertise to extend ESPA’s holistic philosophy which has been at the heart of our products, spas and treatments for twenty-five years,” said Susan Harmsworth, founder of ESPA. “With spas in over 50 countries, this partnership enables us to reach even more customers all over the world.”
Matthew Moulding, founder and chief executive officer of The Hut Group, added: “Synonymous with luxury, its products are sold in the most prestigious spas and retailers around the globe. We intend to invest substantially in the ESPA brand, especially in manufacturing capabilities, to develop the brand into a true global leader in its area. Our investment in acquiring the ESPA brand further supports our ambition of becoming the world’s largest online retailer of health and beauty products by the end of the year.”