Daily News: October 24, 2017

Barclays, HSBC, Others Upsize Hut Group Facility to $677MM

The Hut Group, a British health and beauty e-tailer has increased its credit facility from £345 million ($454 million) to £515 million ($677 million) with a group of banks that includes Barclays, HSBC and Silicon Valley Bank, Sky News reported.

The Cheshire, UK-based company has recently acquired Glossybox, a subscription-based beauty service. Recent takeovers added to a portfolio which includes Mio Skincare, Grow Gorgeous and Lookfantastic.com. Sky News said.