The Hut Group

The Hut Group

Ecommerce platform powering beauty and wellness

Overview

THG is a global digital platform that connects consumer brands with online shoppers in beauty, health, wellness, and sports nutrition, selling its own brands like Myprotein and partnering with over 1,300 premium brands via the Ingenuity platform. The Ingenuity system unifies product development, manufacturing in the UK and USA, and ecommerce, so brands can manage listings, fulfillment, and customer experiences while THG handles direct-to-consumer sales and partnerships. It differentiates itself by owning its own brands and manufacturing alongside a large partner ecosystem on a single platform, enabling end-to-end control from creation to checkout. The company aims to expand digital commerce, grow its own brands, support partner brands, and drive sustainable, global online retail growth.

About The Hut Group

Simplify's Rating
Why The Hut Group is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Consumer Software

Enterprise Software

Consumer Goods

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Manchester, United Kingdom

Founded

2004

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Simplify's Take

What believers are saying

  • H1 2026 revenue rose 7.2% to £828.7 million, with adjusted EBITDA doubling to £42.8 million.
  • THG expects £25 million to £35 million positive free cash flow in FY 2026.
  • More than 50 beauty brands joined in H1 2026, while Lookfantastic and Cult Beauty grew 6.7%.

What critics are saying

  • THG still awaits HMRC’s response to its £78 million VAT claim, delaying cash relief.
  • Whey prices and EU tariffs pressure margins; Moulding flagged both on 10 September 2026.
  • Myprotein funds the group; a slowdown forces more asset sales and covenant stress by 2027.

What makes The Hut Group unique

  • Myprotein remains the world’s largest online sports nutrition brand, selling 58.5 million H1 2026 units.
  • THG’s licensing machine extends Myprotein into Vimto, Mars, Greencore, and Nichols partnerships in 2026.
  • Beauty and nutrition run through owned manufacturing, ecommerce, and retailer distribution across UK, US, Europe.

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Funding

Total Funding

$5B

Above

Industry Average

Funded Over

19 Rounds

Post IPO Convertible funding comparison data is currently unavailable. We're working to provide this information soon!
Post IPO Convertible Funding Comparison
Coming Soon

Benefits

Paid Vacation

Wellness Program

Gym Membership

Employee Discounts

Employee Referral Bonus

Stock Price

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

0%
Yahoo Finance
Sep 11th, 2026
THG revenue up 7% to $1.1B as adjusted EBITDA more than doubles to $58M

THG PLC reported revenue of £828.7 million for H1 2026, up 7.2% year-on-year. Adjusted EBITDA more than doubled to £42.8 million compared to the prior year when adjusted for the Claremont Ingredients disposal. The company significantly improved its cash position, guiding for £25 million to £35 million positive free cash flow for the full year. Group headcount was reduced by approximately 25% over the past 18 months. Myprotein sold 58.5 million products in H1 2026, up 57% from 37.2 million units in the same period last year. The brand is on track to sell approximately 130 million units for full year 2026. THG Beauty's UK division, including Lookfantastic and Cult Beauty, achieved 6.7% growth. More than 50 new brands were added across beauty sites during H1.

BusinessCloud
Sep 10th, 2026
Could THG be about to sell more of its brands?

Could THG be about to sell more of its brands? Online retailer today published its interim results and confirmed it had received 'bid interest' in several of its standalone brands Could Manchester-based THG be about to sell some of its standalone brands in a bid to wipe out its debt? The speculation has been fuelled by a paragraph in today's upbeat interim results, which revealed group revenue was up 7.2 per cent in H1 2026. In the outlook and guidance section of the report, THG said: "Following the successful sale of Claremont Ingredients in August 2025 for £103m, several of the group's other non-strategic, standalone brands and assets have attracted bid interest. "Should any sale occur at some point in the near future, it is expected that any proceeds would be higher than that for Claremont Ingredients, moving the group from net debt to net cash positive for FY 2027." THG doubled its money in the Claremont deal, which reduced its net debt from £330m to £230m in one stroke. The eCommerce giant hasn't revealed which of its brands have attracted 'bid interest' - or whether they're even for sale - but it's highly unlikely it would consider selling its crown jewel, Myprotein. What could be sold? Brands more likely to be sold could include US prestige skincare brand Perricone MD, which THG acquired for $60m in cash in 2020. Another potential target could be New Jersey-based prestige beauty developer and manufacturer Bentley Laboratories, which THG acquired in May 2021 for $255m on a cash and debt-free basis. A third possibility could be Dermstore.com, which THG snapped up from US retailer Target Corporation for $350m at the end of 2020. Dermstore is the number one pure-play online retailer of prestige skincare and speciality beauty brands in the US. There's no evidence that any of these brands are for sale, but they would all be likely to attract a significant price. The speculation comes on the back of THG's positive interim results, which saw revenue rise to £828.7m in the first half of 2026 - ahead of previous guidance of 6.5 per cent growth. THG also reported H1 adjusted EBITDA of £42.8m - up 109 per cent year-on-year and ahead of guidance of at least £40m. Both THG Beauty and THG Nutrition have now recorded four consecutive quarters of growth, partly on the back of the performance of Myprotein. Myprotein continues to soar. Myprotein strengthened its position as the world's largest online sports nutrition brand, delivering revenue growth of 9.2 per cent, increasing to 12.1 per cent excluding Asia. THG co-founder and CEO Matt Moulding, who was included in BusinessCloud's Founder 250 list, said: "THG delivered a strong first half, reflecting our successful transition from a capex-intensive technology and consumer brands group into a highly profitable global leader in Nutrition and Beauty, focused on delivering sustainable growth in free cash flow. "As a business, we delivered strong revenue growth and our Adjusted EBITDA more than doubled, driven by a stellar performance from the Myprotein brand." "The group is now clearly reaping the rewards of Myprotein's global rebrand delivered across 2023 and 2024, alongside the expansion of the brand into licensing, activewear and higher-margin categories. "Brand recognition continues to reach record highs, supporting a 57 per cent increase in Myprotein branded products sold worldwide in H1, to 58.5m products. "The brand is on track to sell over 130m products in FY 2026, which we believe makes Myprotein not only the world's largest sports nutrition brand, but also the fastest-growing established brand by product volumes." Moulding said the online retailer was entering the second half of the year with 'real momentum' while recognising challenges around consumer discretionary spending, record-high whey commodity pricing and recent EU tariffs. He said: "The group has delivered significant initiatives to mitigate these headwinds, supporting FY 2026 consensus, while positive signs around the direction of whey input costs are encouraging for the future."

Insider Media
Jul 13th, 2026
Nichols partners with Myprotein owner THG to launch protein water.

Nichols partners with Myprotein owner THG to launch protein water. 13 Jul 2026, 07:50 Vimto owner Nichols has partnered with THG to launch Myprotein Clear Whey Protein Water. The ready-to-drink range will launch in September 2026 in two flavours: Vimto and Raspberry Lemon. The new 500ml range will have an RSP of £2.99 and is sugar-free, low in calories and contains 15g of clear whey protein. The move marks the latest milestone in the companies' successful collaboration, which began in 2021 when Myprotein first licensed the Vimto brand for its Vimto Clear Whey Protein range. The new range has been developed to meet rising consumer demand for functional drinks that combine refreshment with clear nutritional benefits. UK functional drinks sales are now valued at £5.8bn and growing by 10 per cent between 2025 and 2026. Under the multi-year brand licence agreement, Nichols will manufacture and distribute Myprotein Clear Whey Protein Water through its established nationwide UK distribution network. Andrew Milne, chief executive of Nichols, said: "Functional drinks are currently one of the most exciting growth areas in soft drinks, as consumers increasingly look for products that combine great taste, refreshment and added benefits. "Myprotein Clear Whey Protein Water has been developed to meet that demand, offering shoppers a lighter and more refreshing way to add protein into their day. By combining Myprotein's credibility in sports nutrition with Nichols' soft drinks expertise and nationwide retail distribution, we are incredibly excited by this launch which we believe gives retailers a strong and differentiated opportunity to tap into the growing demand for health led drinks." Neil Mistry, chief executive of THG Nutrition, added: "More and more consumers are looking to boost their protein intake, and functional drinks are becoming an increasingly important way for them to do so. As the UK's leading Clear Whey brand, we've helped redefine how consumers think about protein, and Myprotein Clear Whey Protein Water answers that growing demand with an easy, refreshing way to add protein throughout the day. "It also represents a natural next step for the Myprotein and Vimto partnership, which has already proven its strength across a range of products." He added: "This is not just a new product but a statement of intent - an intentional expansion into refreshing ready-to-drink that reflects where we see the Myprotein brand heading and the role we want to play in Chiller and Impulse."

BusinessCloud
Jul 13th, 2026
Nichols, THG launch Myprotein Clear Whey Protein Water.

Nichols, THG launch Myprotein Clear Whey Protein Water. Ready-to-drink range featuring Vimto designed to tap into growing consumer demand for health, wellness & functional beverages Nichols, the international soft drinks business behind Vimto, has partnered with THG, owner of online sports nutrition brand Myprotein, to launch Myprotein Clear Whey Protein Water. The new ready-to-drink range is designed to tap into growing consumer demand for health, wellness and functional beverages. Launching in September 2026, Myprotein Clear Whey Protein Water will be available in two flavours: Vimto and Raspberry Lemon. The new 500ml range will have an RSP of £2.99 and is sugar-free, low in calories and contains 15g of clear whey protein. The firms say the product delivers all essential amino acids, while offering a lighter, more refreshing alternative to traditional milk-based protein drinks. The companies first collaborated in 2021 when Myprotein first licensed the Vimto brand for its Vimto Clear Whey Protein range. The Vimto flavour is now used in creatine, collagen, pre-workout and gummy products. The firms say Myprotein Vimto Clear Whey is the UK's number one-selling clear whey protein product in retail - hence the desire to bring the brand into the fast-growing ready-to-drink category. Under the multi-year brand licence agreement, Nichols will manufacture and distribute Myprotein Clear Whey Protein Water through its established nationwide UK distribution network. Andrew Milne, CEO of Nichols, said: "Functional drinks are currently one of the most exciting growth areas in soft drinks, as consumers increasingly look for products that combine great taste, refreshment and added benefits. "Myprotein Clear Whey Protein Water has been developed to meet that demand, offering shoppers a lighter and more refreshing way to add protein into their day." Neil Mistry, CEO of THG Nutrition, added: "More and more consumers are looking to boost their protein intake, and functional drinks are becoming an increasingly important way for them to do so."

Entyce Creative
Jun 17th, 2026
Entyce welcomes Zoe Mayall as Content Marketing Executive.

Entyce welcomes Zoe Mayall as Content Marketing Executive. Entyce Creative Limited is pleased to introduce Zoe Mayall to Entyce Creative as its new Content Marketing Executive! Zoe joins Entyce Creative Limited from THG (formerly The Hut Group) where she worked as Marketing and E-commerce Assistant, bringing with her a sharp instinct for compelling content and a genuine passion for connecting brands with the right audiences. Her enthusiasm for storytelling and her strategic approach to content make her a brilliant fit for everything Entyce Creative Limited do here at Entyce. Speaking about joining the team, Zoe said: "I'm so excited to be joining Entyce! It's a team I've admired for a long time, so to now be part of it is a brilliant feeling. I can't wait to get stuck into creating content that really makes a difference for clients and to keep learning and growing alongside such a talented group of people." Entyce Creative Limited has already been bowled over by the energy and ideas she's brought into the studio from day one. Shaping social media channels and diving headfirst into content creation, it's clear that Zoe is someone who genuinely loves what she does. Jane Entwistle, Co-Director at Entyce Creative said: "Zoe stood out to us straight away. Her enthusiasm for content and her instinct for what works is really impressive. She's already made a fantastic impression on the whole team, and we're so excited to see the impact she'll have on our clients' campaigns." Entyce Creative Limited is so thrilled to have Zoe as part of the Entyce - welcome to the team!

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