The Hut Group builds, runs and maintains e-commerce websites for the likes of Asda, Tesco and Argos. It also sells electrical goods, fashion and home-entertainment products through its own websites, which include Gifted.com andMybag.co.uk. The Cheshire company bought Zavvi’s brand and online database from Virgin in 2009, and in August this year acquired the online retailer Iwantoneofthose.com. The company has raised £14m from a consortium of investors, including Balderton Capital, Artemis and Angus Munro, the former chief executive of Matalan. Chief executive Matthew Moulding and chief operating officer John Gallemore founded the group in 2004 and are reportedly gearing it up for a stock-market flotation. Sales grew 162% a year from £3m in 2006 to £53.6m in 2009.
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