Australia’s largest haircare and beauty e-tailer, RY (Recreate Yourself), has just been purchased by The Hut Group.
The Hut Group appears to be significantly expanding its portfolio, having snapped up a number of US companies and more recently purchasing UK beauty giant Glossybox.
CEO of The Hut Group Matthew Moulding, said: “We are delighted at the acquisition of RY.com.au, a leading player in the growing Australian haircare and beauty market and a business that complements our existing beauty websites such as look fantastic and Skincare store.
“At THG, we have a clear focus on health, beauty and technology and we are very proud that this most recent investment sees us become the number one online retailer for health and beauty in Australia. Crucially, it marks another step towards our goal of being the number one in health and beauty globally.”
