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The Hut Group has acquired ESPA, a world-renowned leader in spas and skincare excellence, from affiliates of KSL Capital Partners.
Established in 1993, ESPA is the choice of the world’s leading spas and skincare experts.
Its products and treatments are sold in over 700 spas across 50 countries in the finest hotels, including ESPA Life at The Corinthia London, and other top destinations belonging to Ritz Carlton, Peninsula and One&Only.
Each spa offers a unique reflection of its environment, ultimately providing a collection of bespoke, opulent destination spas that offer wellbeing experiences for skin, body and mind.
Last year, ESPA-trained beauty therapists performed over five million treatments globally.
ESPA products are also sold in luxury retail outlets such as John Lewis, Liberty London and Harvey Nichols, and direct to consumers on espaskincare.com.
The investment represents another strategic move for THG as it continues to expand its Beauty offering and international reach.
THG 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.
Matthew Moulding, founder of The Hut Group, said: “ESPA is an exciting addition to The Hut Group’s growing portfolio of beauty brands.
“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 & Beauty products by the end of the year.”
Sоurсе: breakingtravelnews.com
