Tag: Deals

The Hut Group Inks Beauty Deals Worth More Than 100 Million Pounds

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LONDON — The Hut Group is pumping up its white label tech business, inking a string of deals worth more than 100 million pounds to develop e-commerce sites for brands including Elemis, Burt’s Bees, Nuxe and By Terry.

The Manchester, England-based group said Monday that THG Ingenuity, its technology services division, has been partnering with a string of independent brands and beauty companies, such as PZ Cussons and Revolution Beauty, to build and operate their direct-to-consumer sites internationally.

THG, the owner of e-tailer Lookfantastic, Espa and Illamasqua, among other names, said it was

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Reliance Says It’s Net-Debt Free After $15 Billion Jio Deals

(Bloomberg) — Reliance Industries Ltd., the conglomerate controlled by Asia’s richest man, said it has become free of net debt months ahead of a March 2021 target after raising more than $23 billion from stake sales and a rights issue. Its shares closed at an all-time high.

India’s most valuable company said in a statement Friday that it secured 1.16 trillion rupees ($15.2 billion) by bringing investors including Facebook Inc. and a slew of funds into the digital business at the heart of chairman Mukesh Ambani’s ambition to transform his energy-led empire. Reliance also completed a 531.2-billion rupee share sale

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