The Hut Group has paid an undisclosed amount to acquire Rocket Internet-backed cosmetics subscription service Glossybox in a deal that will help it grow geographically.
Health and beauty e-commerce firm The Hut Group (THG) acquired Germany-based beauty product subscription service Glossybox yesterday for an undisclosed amount, giving an exit to e-commerce holding company Rocket Internet.
Founded in 2011, Glossybox operates a service that delivers a monthly box of cosmetics products to subscribers based on their personal preferences as well as current trends. It also provides advice on beauty practices.
Glossybox operates in 10 core markets across Europe and North America, but THG intends to use…
