The Independent’s journalism is supported by our readers. When you purchase through links on our site, we may earn commission.

The Hut devours Myprotein.com

James Thompson
Sunday 23 October 2011 02:04
comments

The Hut, the online retailer, has acquired the sports nutrition retailer Myprotein.com in a deal worth £58m. The fast-growing internet specialist, which is considering a flotation this year, said Myprotein would complement its acquisition of Mankind Direct, the web retailer of men's grooming products, for £2.5m last year.

Founded in 2004 by its chief executive Oliver Cookson, Myprotein is expected to grow sales 56 per cent to £25m this year across its websites in countries such as the UK and France.

Last month, The Hut – which is chaired by Angus Monro, the former Matalan chief executive – appointed Rothschild to advise on its options, including a flotation later this year. It bought the music e-retailer Zavvi.com from administrators in 2009.

Join our new commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

View comments