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PRIVACY
Retail & Consumer

From The Hut Group to Boohoo - five billionaires behind the retail boom in the º£½ÇÊÓÆµ

Consumers buying from their mobile phones 24/7 alongside essential everyday items have helped these business bosses fast become the new retail royalty

Matthew Moulding, Executive Chairman, The Hut Group

Big name retail has long been dominated by three household names - Philip Green's Arcadia Group, Mike Ashley's Fraser empire and Philip Day's portfolio of brands from Jaegar to Peacocks.

But the Covid-19 pandemic, big investment in bricks-and-mortar stores and a failure to keep up with the times has led to for the triumvirate. There have been store closures, job losses and some .

There is no doubt the influence that these players still have, but those investors who have tapped into the huge audience for custom via mobile phone and social media or pile-it-high philosophy have come into play, particularly this year of lockdown and Covid-19 restrictions.

So while the brands that these tycoons stand for remain dominant in the imagination, when it comes top purchasing power, shoppers are increasingly looking for fast-turnaround alternatives that can deliver the good 24/7.

Here we look at the big-hitting names you might not have heard of who have fast become the new retail royalty behind the º£½ÇÊÓÆµ's most successful stores and shopping sites.

Matthew Moulding, The Hut Group

Matthew Moulding, Executive Chairman, The Hut Group

Founded in 2004 by Matthew Moulding and John Gallemore with a £500,000 investment, specialises in online retail.

The firm was floated on the in September, resulting in a £830million payout for Moulding who is the Chief Executive of the business and is known to enjoy a lavish lifestyle after coming from a .