The Hut Group Is Also Buying Glossybox, the German Birchbox
The Hut Group is buying Glossybox from Rocket Internet and Kinnevik.
At the beginning of the year, The Hut Group secured £345 million to, mainly, acquire companies.
Just now, The Hut Group has secured a new round of £125 million at a valuation of £2.5 billion, Sky News reports.
Subscription businesses are still booming. We covered the subscription ‚sector‘ over the last couple of weeks more extensively.
Birchbox, the role model for Glossybox, is reportedly looking for a buyer as well.
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