The Hut Group, a provider of e-commerce services for the retail industry, has acquired music retailer Zavvi for an undisclosed sum.  

The Hut Group, a provider of e-commerce services for the retail industry, has acquired music retailer Zavvi for an undisclosed sum.  

Ownership of the website was a major draw for The Hut Group, which delivers online retail platforms for many major retail brands, such as Asda, Phones 4U and LoveFilm. The Hut Group achieved a turnover of £25 million in 2008 and anticipates revenues of £75 million this year. The deal will create up to 100 jobs over the next year at the company’s head office in Northwich, Cheshire.

Matthew Moulding, CEO of The Hut Group, commented: “Zavvi is a major player in entertainment retail, both in the UK and Ireland. Our aim is to capitalise on this well-recognised high street brand and transform the business into a major online retailer, not only in entertainment, but also across lifestyle products.”