The Hut Group secures loan to invest in digital strategy
The Hut Group has secured millions of pounds worth of credit to invest in its online platform and build out its position as a digital leader in the beauty and wellness sector.
The Hut Group has raised £510m of Term Loan B debt issuance with a seven-year maturity, plus a five-year £150m revolving credit facility.
The loan facility will allow the retailer to invest in its online platform – Ingenuity – as well as “world-class talent” and its prestige brands, in a bid to strengthen its position in the beauty sector.
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