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INTERNET | eCommerce / Other Retail
glossybox.de

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Stage

Acquired | Acquired

Total Raised

$72M

About GlossyBox

GlossyBox offers a subscription-based service for monthly beauty samples. The product concept is based on the regular delivery of a luxurious beauty surprise, sent right to the homes of customers and always packed in an elegant box. GlossyBox is a product of Beauty Trend Holding, founded in February 2011.

GlossyBox Headquarter Location

Klosterstraße 62

Berlin, 10179,

Germany

855-738-1140

Latest GlossyBox News

THG founder Moulding scraps his 'golden share' after share price hammering

Oct 18, 2021

Moulding controls around 25% of the business including his family’s interest Make up brands Illamasqua, Glossybox and Lookfantastic are part of its beauty arm Matthew Moulding, the founder of the Hut Group (THG), is dropping his golden share in an overhaul of corporate governance at the online retailer. The share gives him a veto over any potential takeover, for example, but has never been popular with investors. Shares in THG plunged 35% last week after a corporate presentation detailing plans for its ingenuity e-commerce platform and a spin-off of its retail arm left investors unconvinced. In a statement today, THG said as part of its plans to get a premium listing in London, it would drop the special share and also carry out a further review of corporate governance to be carried out by its board. THG currently has a standard listing, a second-tier segment on the LSE with fewer ownership governance restrictions. Moulding currently is both the company’s chairman and chief executive, while the way the company is structured at present means it cannot be included in the FTSE 100. Inclusion in the FTSE 100 would mean tracker funds having to buy the shares though a premium listing will also mean THG having to report related party transactions. Moulding controls around 25% of the business including his family’s interest so this would mean future deals between him and his private companies being disclosed. In a statement, Moulding said: "After the anniversary of our 2020 listing we feel that the time is right to make this next step and apply to the Premium segment in 2022, thereby continuing the development of THG as we endeavour to deliver our strategy for the benefit of our shareholders, key stakeholders and employees. "   THG was floated at 500p last September valuing it at £5.4bn, with a placing in May raising a further £1bn that saw Japan’s Softbank taking just under a 10% stake. At the same time as that fundraise, Softbank also agreed on a separate deal to inject US$1.6bn into Ingenuity in the future. Questions over whether the Japanese tech-focused bank would go ahead with that investment were apparently raised at last week’s meeting and unhappiness with the company’s responses added to last week's share price slump. THG shares rallied today on the governance news, adding 4.6% to 302.6p. Analysts at Jefferies told Reuters that the changes announced today showed a willingness to engage on shareholder concerns, but that ultimately progress on the e-commerce front is needed for the shares to recover. THG’s next trading update is scheduled for October 26. Quick facts: THG PLC

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Research containing GlossyBox

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CB Insights Intelligence Analysts have mentioned GlossyBox in 1 CB Insights research brief, most recently on Dec 3, 2019.

Expert Collections containing GlossyBox

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

GlossyBox is included in 5 Expert Collections, including CPG & Retail Innovation.

C

CPG & Retail Innovation

255 items

AI, proximity marketing, product discovery, and more for CPG brands.

E

E-Commerce

8,739 items

E

E-Commerce Subscription

354 items

B

Beauty & Personal Care

1,683 items

Startups in the beauty & personal care space, including cosmetics brands, shaving startups, on-demand beauty services, salon management platforms, and more.

D

Direct-To-Consumer Brands (Non-Food)

1,192 items

Startups selling their own branded products directly to consumers through owned e-commerce channels, rather than relying on department stores or big online marketplaces.

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