Lookfantastic bought by The Hut Group for £19.4m

Group ceo Daniel Crown to join the The Hut Group board

The Hut Group, an online retailer based in Cheshire, has announced the £19.4m acquisition of the country’s biggest online health & beauty retailer, the Lookfantastic Group, which includes the lookfantastic.com and lookmantastic.com websites among its portfolio.

The Hut Group’s ongoing strategy, it says, is to become one of the largest online retailers in Europe and the present acquisition further extends the group’s presence into the luxury goods market.

As a part of the deal, Daniel Crown, ceo of the Lookfantastic Group, will join the board of The Hut Group to assist the company’s expansion into luxury goods and to help grow the business.

“We are delighted to have entered into a partnership with the Lookfantastic team. After reviewing the health and beauty sector earlier this year, we identified Lookfantastic as the market leader,” comments Matthew Moulding, ceo of The Hut Group.

“After meeting both management and shareholders it soon became very clear that lookfantastic is a great business with a strong culture fit with The Hut Group.”