Tycoons cash in £250m as shares in ecommerce business Hut Group surge following its London float

Tycoons cash in £250m as shares in ecommerce business Hut Group surge following last year’s London float Scottish tycoon Sir Tom Hunter was an early backer of the ecommerce business He bagged another £32m having sold £52.5m of stock when it listed in 2020 A number of other smaller shareholders also sold some stock  By Lucy … Read more

The Hut Group enjoys a lift from its beauty division over the festive period with sales up 51% 

The Hut Group enjoys a lift from its beauty division over the festive period with sales up 51% The retailer’s beauty division includes its Look fantastic and Glossybox websites  Online beauty sales came in at £298.2 million in the quarter – a rise of 66.2% Matthew Moulding started Hut in 2004 selling DVDs online He … Read more

Hut Group boss Matt Moulding makes 74 staff millionaires for Christmas

He is a boy from the back streets of Lancashire, raised in a two-up, two-down terraced house with an outside loo, who became a self-made billionaire. The story of Matt Moulding, 48, reads like a classic rags-to-riches fairy tale. He created a City sensation when he brought his company, online health and beauty seller The … Read more

Xmas spending splurge boosts the Hut Group

Xmas spending splurge boosts the Hut Group as it raises annual forecasts for second time in three month By Daily Mail City & Finance Reporter Published: 21:50 GMT, 7 December 2020 | Updated: 22:15 GMT, 7 December 2020 The Hut Group (THG) has made a barn-storming start to life as a public company after raising … Read more

Hut Group in £300,000 donation to Conservative Party

Hut Group’s billionaire boss attended several exclusive ‘donor club’ dinners with ministers after his firm donated £300,000 to Conservative Party By Daily Mail City & Finance Reporter Published: 21:50 GMT, 22 November 2020 | Updated: 21:50 GMT, 22 November 2020 The Hut Group’s billionaire boss attended several exclusive ‘donor club’ dinners with ministers after his … Read more

Hut Group seeks to silence critics with new Independent director

Under fire Hut Group seeks to silence critics: Independent director appointed to address governance fears By Daily Mail City & Finance Reporter Published: 22:07 GMT, 17 November 2020 | Updated: 22:07 GMT, 17 November 2020 The Hut Group has appointed a new independent director to its board to address fears over its governance.  Former Deloitte partner … Read more

The Hut Group tycoon Mattew Moulding lands £830MILLION payout

A self-made online shopping tycoon has landed an £830million pay out after his firm’s share price soared. Matthew Moulding, 48, founded technology firm The Hut Group in 2004 and has received what is one of the largest bonuses in corporate history after the company’s share price rose to meet its target.  The target was set … Read more

Hut Group signs three firms to its online shop

Hut Group signs three firms including luxury swimwear brand owned by Chanel to its online shop By Daily Mail City & Finance Reporter Published: 21:50 GMT, 16 November 2020 | Updated: 22:18 GMT, 16 November 2020 The Hut Group has signed up three firms including a luxury swimwear brand owned by Chanel to its online … Read more

The Hut Group’s founder scoops record £840m bonus

The Hut Group’s founder scoops record £840m bonus following the company’s blockbuster stock market listing By Tom Witherow For The Daily Mail Published: 21:51 GMT, 13 November 2020 | Updated: 22:12 GMT, 13 November 2020 The Hut Group’s founder has scooped a record £840m bonus following the company’s blockbuster stock market listing.  The Mail can … Read more