History
In March 2004, The Hut Group was founded to compete with websites like Play.com In July 2004 the company's online entertainment retailer was launched. In 2008, DCC Group approached TheHut.com to take over operations of its online retailer Sendit.com.
On 8 August 2008, The Hut.com became sponsors of Burnley Football Club.
On April 15, 2010 The Hut Group Raised £14M to fund its growth and acquisition.
In August 2010, The Hut Group acquired iwantoneofthose.com, a UK based online gift retailer and Confetti.co.uk, a wedding website. The Hut Group put Confetti.co.uk into administration, just days after buying it, which prompted bids from several consortia and individual investors. Confetti.co.uk was bought by George Buchan.
The Hut Group continues its acquisition progress in a deal worth the £1.4m. On Thursday 25 November 2010, The Hut Group bought Mankind Direct Limited, incorporating www.Mankind.co.uk & www.BeautyExpert.co.uk. The Group bought HQHair.com on Friday 14 January 2011. On 16 January 2011, the Group announced its 2010 trading results. Its entertainment sales rose 45% and non-entertainment sales up 600% since 2010. On 2 June 2011, The Hut Group acquired MyProtein.com. On 29 January 2013, The Hut Group acquired Probikekit.com.
Read more about this topic: The Hut Group
Famous quotes containing the word history:
“The thing that struck me forcefully was the feeling of great age about the place. Standing on that old parade ground, which is now a cricket field, I could feel the dead generations crowding me. Here was the oldest settlement of freedmen in the Western world, no doubt. Men who had thrown off the bands of slavery by their own courage and ingenuity. The courage and daring of the Maroons strike like a purple beam across the history of Jamaica.”
—Zora Neale Hurston (1891–1960)
“The History of the world is not the theatre of happiness. Periods of happiness are blank pages in it, for they are periods of harmony—periods when the antithesis is in abeyance.”
—Georg Wilhelm Friedrich Hegel (1770–1831)
“All objects, all phases of culture are alive. They have voices. They speak of their history and interrelatedness. And they are all talking at once!”
—Camille Paglia (b. 1947)