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Health Club Management

Health Club Management

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UNITING THE WORLD OF FITNESS
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Health Club Management

Health Club Management

News

ESPA owner, The Hut Group, confirms £4.5bn IPO

The Hut Group (THG), owner of ESPA, has announced plans for a £4.5bn IPO, after several years mulling the prospect.

The group is planning to float around 20 per cent of the company in a deal that would see founder and CEO, Matthew Moulding, taking £700m-worth of shares if the company achieves a market capitalisation of £7.25bn by December 2022, according to Sky News.

The float is planned for 16 September and will be the London Stock Exchange’s biggest float of the year so far.

UK-based THG was established in 2004 and now operates over 200 localised websites, retailing consumer products in 169 countries.

In 2019, it grew sales by 24 per cent to £1.14bn, with 66 per cent of sales generated internationally.

Employing over 7,000 people, the group owns a range of beauty, wellness and nutrition brands, including Christophe Robin, Eyeko and Myprotein.

Moulding said: “Our intention to float THG reflects not only the achievements of the past, but also our strong belief in its significant potential for the future.

“THG has enjoyed strong growth since being founded in 2004, employing more than 7,000 people and establishing a track record of consistent delivery for customers.”

In June, THG’s technology services division, THG Ingenuity, also announced the signing of partnership agreements with Elemis, Burt’s Bees, Nuxe, By Terry and Revolution Beauty, collectively worth more than £100m.

The partnerships were signed so THG Ingenuity can accelerate each brand’s transition towards a direct-to-consumer (DTC) model to meet growing online consumer demand.

The Elemis partnership will see THG launching the brand through localised DTC channels across 15 territories in Europe and Asia over the next 10 months.

Elemis is also leveraging THG’s local expertise and global distribution centres in the UK, Poland, Australia and Singapore to achieve fulfilment efficiencies and offer shorter delivery times and enhanced shopping experiences to customers.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Hut Group (THG), owner of ESPA, has announced plans for a £4.5bn IPO, after several years mulling the prospect.
SAB,CPW,CAS
2020/THUMB346164_698019_647562.jpg
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News

ESPA owner, The Hut Group, confirms £4.5bn IPO

The Hut Group (THG), owner of ESPA, has announced plans for a £4.5bn IPO, after several years mulling the prospect.

The group is planning to float around 20 per cent of the company in a deal that would see founder and CEO, Matthew Moulding, taking £700m-worth of shares if the company achieves a market capitalisation of £7.25bn by December 2022, according to Sky News.

The float is planned for 16 September and will be the London Stock Exchange’s biggest float of the year so far.

UK-based THG was established in 2004 and now operates over 200 localised websites, retailing consumer products in 169 countries.

In 2019, it grew sales by 24 per cent to £1.14bn, with 66 per cent of sales generated internationally.

Employing over 7,000 people, the group owns a range of beauty, wellness and nutrition brands, including Christophe Robin, Eyeko and Myprotein.

Moulding said: “Our intention to float THG reflects not only the achievements of the past, but also our strong belief in its significant potential for the future.

“THG has enjoyed strong growth since being founded in 2004, employing more than 7,000 people and establishing a track record of consistent delivery for customers.”

In June, THG’s technology services division, THG Ingenuity, also announced the signing of partnership agreements with Elemis, Burt’s Bees, Nuxe, By Terry and Revolution Beauty, collectively worth more than £100m.

The partnerships were signed so THG Ingenuity can accelerate each brand’s transition towards a direct-to-consumer (DTC) model to meet growing online consumer demand.

The Elemis partnership will see THG launching the brand through localised DTC channels across 15 territories in Europe and Asia over the next 10 months.

Elemis is also leveraging THG’s local expertise and global distribution centres in the UK, Poland, Australia and Singapore to achieve fulfilment efficiencies and offer shorter delivery times and enhanced shopping experiences to customers.

Sign up here to get HCM's weekly ezine and every issue of HCM magazine free on digital.
The Hut Group (THG), owner of ESPA, has announced plans for a £4.5bn IPO, after several years mulling the prospect.
SAB,CPW,CAS
2020/THUMB346164_698019_647562.jpg

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Sponsored
Deansgate Square, the newest residential star on Manchester’s impressive skyline, is a fitting home for some of the city’s most stylish health and fitness facilities, with specialist acoustic flooring by TVS Group
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Founder, Body Tech Fitness
I’ve been in the industry for a decade and it’s the first time I’ve seen it truly unified from the top to the bottom
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Opinion
promotion
With January now close on the horizon your thoughts will be firmly focused on sales campaigns to attract new members through your doors in the new year rush.
Opinion: Sealing the Leaky Bucket – 7 Research-Based Tips for Retaining New Members in January 2021
Featured supplier news
Featured supplier: Frame launches new, streamlined digital offering, powered by Fisikal
When facing lockdown restrictions, Frame successfully adapted its in-club experience to an online offering for members.
Featured supplier news
Featured supplier: Converting members in January has never been so simple with Volution’s new Lead Generation tool
Volution – the leading data solutions specialist for the fitness industry – has launched a Lead Generation tool that enables operators to harness the power of mobile technology and cloud-based infrastructure to streamline sales.
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Freemotion CoachBike™
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More videos:
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Company profile: DFC
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At DFC, we offer totally transparent revenue management solutions with clear pricing and no hidden ...
Company profiles
Company profile: Xn Leisure Systems Ltd
Xn Leisure is a provider of cutting-edge health and fitness software, offering exceptional service to ...
Catalogue Gallery
Click on a catalogue to view it online
Directory
Design consultants
Zynk Design Consultants: Design consultants
Wearable technology solutions
MyZone: Wearable technology solutions
Lockers/interior design
Fitlockers: Lockers/interior design
Independent service & maintenance
Servicesport UK Limited: Independent service & maintenance
Fitness equipment
TRX Training: Fitness equipment
Red Light Therapy
 Red Light Rising: Red Light Therapy
Fitness Software
FunXtion International BV: Fitness Software
Uniforms
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Direct debit solutions
Harlands Group: Direct debit solutions
Trade associations
International SPA Association - iSPA: Trade associations
Property & Tenders
11 - 25 Union St, London SE1 1SD
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Property & Tenders
Waltham Abbey, Essex
Lee Valley Regional Park Authority
Property & Tenders
Diary dates
03-03 Dec 2020
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Diary dates
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Raffles City Convention Centre, Singapore, Singapore
Diary dates
02-04 Feb 2021
Ericsson Exhibition Hall, Ricoh Arena, Coventry, United Kingdom
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Diary dates
03-04 Mar 2021
NEC, Birmingham, United Kingdom
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