“THG will be able to increase the scale of its beauty box business by accessing the Dermstore.com customer base, which will in turn unlock incremental marketing revenue," said THG. "The Dermstore.com acquisition also provides the opportunity to accelerate the growth of THG's own beauty brands via a new and large US customer base.”
Target acquired Dermstore in 2013 to expand its beauty business. Dermstore offers beauty products and cosmetics subscription services through an online platform. The online personal care retailer sells nearly 350 different brands in its product lineup.
In an unrelated move, THG said it will buy its UK-based nutrition product suppliers Claremont Ingredients and David Berryman.