THG PLC acquires prestige skincare brand Biossance for $20m

By on    Cosmetic Industry News  

THG PLC acquires prestige skincare brand Biossance for $20m

THG PLC has finalized an agreement to acquire the prestigious skincare brand Biossance for a maximum consideration of $20 million. This strategic move marks a significant expansion for THG PLC in the global skincare industry. Biossance’s Global Footprint and Revenue Since its inception in 2015, Biossance has generated approximately $300 million in global revenues. The […]

Hut Group to acquire online skin care retailer Dermstore for $350m

By on    Retail Industry News  

Hut Group to acquire online skin care retailer Dermstore for $350m

British e-commerce company The Hut Group (THG) has signed an all-cash deal worth $350 million to acquire online skin care retailer Dermstore from Target Corp. Dermstore is a pure-play online retailer of prestige skincare and specialty beauty brands. Hut Group said that the acquisition of Dermstore enhances its four pillars of beauty strategy by significantly […]