Lewis Trust Group joins investors in backing online retailer The Hut Group.
A consortium of investors, including the family firm which founded and owns UK-based high street retailer River Island, has backed The Hut Group with £9m ($14m) of development capital.
As well as River Island, the family’s Lewis Trust Group owns a property portfolio and hotels in Israel and the US.
The fundraising, which precedes an expected stock market listing later in 2013, also sees Clive Lewis, deputy chairman of River Island, join the Hut board as a non-executive director.
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