Unsupported browser

For a better experience please update your browser to its latest version.

Your browser appears to have cookies disabled. For the best experience of this website, please enable cookies in your browser

We'll assume we have your consent to use cookies, for example so you won't need to log in each time you visit our site.
Learn more

River Island owners take stake in The Hut Group ahead of IPO

  • Comment

The family behind fashion retailer River Island has invested in The Hut Group. The investment is set to fund further acquisitions for the online retail group.

The Lewis family, which owns River Island, has made the investment as part of what is believed to be a £10m fund-raising ahead of The Hut Group’s IPO later this year.

As part of the investment, River Island deputy chairman Clive Lewis will join The Hut Group’s board as non-executive director.

The Lewis family join a roster of investors which includes former Marks & Spencer chief executive Sir Stuart Rose, ex Tesco boss Sir Terry Leahy and venture capital firm Balderton Capital.

  • Comment

Have your say

You must sign in to make a comment

Please remember that the submission of any material is governed by our Terms and Conditions and by submitting material you confirm your agreement to these Terms and Conditions.

Links may be included in your comments but HTML is not permitted.