The Hut, one of the world’s largest online Health & Beauty retailers and brand owners, has agreed to acquire ESPA, a world-renowned leader in spas and skincare excellence, from affiliates of KSL. Financial terms were not disclosed. The investment represents another strategic move for THG as it continues to expand its Beauty offering and international reach. THG is already Europe’s largest retailer of premium beauty. In addition to its presence across the Beauty industry, THG also owns numerous brands across the Health sector, including the world’s largest online Health brand, Myprotein. “ESPA is an exciting addition to The Hut Group’s growing portfolio of beauty brands. We intend to invest substantially in the ESPA brand, especially in manufacturing capabilities, to develop the brand into a true global leader in its area. Our investment in acquiring the ESPA brand further supports our ambition of becoming the world’s largest online retailer of Health & Beauty products by the end of the year.” Matthew Moulding, The Hut Founder and Chief Executive Officer.