Matt Moulding
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Matt Moulding

Matt Moulding
Matthew John Moulding

February 1972 (age 47)
Colne, Lancashire
Known forFounder of The Hut Group
Net worthIncrease £600 million (May, 2019)

Matt Moulding (February 1972)[1] is founder of The Hut Group.

Early life

Moulding was born in Burnley, Lancashire and attended Fisher More High School in Colne.[2]

Moulding studied industrial economics at the University of Nottingham before going on to qualify as a chartered accountant.[3][4] His father was a tarmac contractor and his mother was an antiques trader.[5]

He went on to work at the Caudwell Group, where he became finance director of the distribution business, working directly with John Caudwell.[3][5]


In 2004, Moulding founded The Hut Group, originally inspired from buying a CD online.[3] He said that he recognised that selling online could be "fundamentally so much cheaper".[3]

After investing £500,000 in the company, it took the business three years to break even, initially selling CDs online from the Channel Islands to avoid VAT.[3][5] Moulding persuaded Sir Terry Leahy and Sir Stuart Rose to become early investors.[6][7]

Following the launch of the iPhone and rising in digital music streaming Moulding shifted his focus to selling other products online, and acquired a number of other e-commerce businesses, including, Lookfantastic, MyProtein, Zavvi, and Illamasqua.[3] In 2014, KKR bought a 20 percent of the business.[6]

In 2013, it was reported that Moulding was considering floating the company.[8]

As of 2016, the company operates 100 e-commerce websites.[3] As of 2018, the company operated 166 websites.[5]

In 2018, it was announced that Moulding would be stepping down as CEO to become Executive Chairman.[9]

Personal life

Moulding lives in Northwich, and has four children.[6] He has said that he avoids international travel.[6] Moulding owns a Lamborghini Urus.[2]

In 2015, Moulding signed a letter supporting the Conservative Party in the 2015 general election.[10]

According to The Sunday Times Rich List in May 2019, he has a net worth of £600 million.[11] In an interview Moulding gave to The Sunday Times in July 2019, he said he earns "about £1 million" a year.[2]

He is a supporter of the Seashell Trust.[2]


  1. ^ "Matthew John MOULDING - Personal Appointments (free information from Companies House)". Retrieved 2019.
  2. ^ a b c d Evans, Peter. "Online boss whose control is as tight as his T-shirt". Retrieved 2019.
  3. ^ a b c d e f g Begum, Shelina (11 December 2016). "How buying a CD online led to a £500m company". men. Retrieved 2019.
  4. ^ "Matthew Moulding Takes The Executive Chair of The Hut Group". The Hut Group. 20 November 2018. Retrieved 2019.
  5. ^ a b c d Shah, Oliver (10 June 2018). "The Hut Group: Northwich's answer to Estée Lauder". The Sunday Times. ISSN 0956-1382. Retrieved 2019.
  6. ^ a b c d Anderson, Elizabeth (24 May 2015). "Hut Group boss happy to stay private". ISSN 0307-1235. Retrieved 2019.
  7. ^ "Debrett's 500 List: Entrepreneurs". The Telegraph. 20 January 2017. ISSN 0307-1235. Retrieved 2019.
  8. ^ Butler, Sarah (20 September 2013). "The Hut packs a punch and eyes up £250m flotation". The Guardian. ISSN 0261-3077. Retrieved 2019.
  9. ^ "British tech 'unicorn' The Hut Group launches board shake-up". Sky News. Retrieved 2019.
  10. ^ Watt, Holly; Mason, Rowena; Siddique, Haroon; Grierson, Jamie; Pegg, David (1 April 2015). "Donors and peers among signatories of pro-Tory business letter". The Guardian. ISSN 0261-3077. Retrieved 2019.
  11. ^ Times, The Sunday (12 May 2019). "Rich List 2019: profiles 201-249=". ISSN 0140-0460. Retrieved 2019.

  This article uses material from the Wikipedia page available here. It is released under the Creative Commons Attribution-Share-Alike License 3.0.



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