Founder of RY after executing buyback from THG: ‘Hindsight is a beautiful thing’

After founding RY in 2005 and selling it to The Hut Group in 2017, James Patten and Brad Carr have bought the online beauty retailer back in a surprising reacquisition. Patten was sailing around Europe with his family on his yacht when he woke up one morning to a string of texts from industry contacts asking, “Have you heard the news that The Hut Group is pulling out of Australia?” “To be honest, I was a little bit surprised – from the outside, it looked like it was tracking along quite

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