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Former Matalan boss joins Hut

Angus Monro, the former Matalan chief executive is to join the board of online retailer The Hut Group. Monro is already among a list who have invested in the company, including fund managers Artemis and William Currie, and technology venture capital group Balderton Capital. Hut Group has been earmarked as the UK’s fastest growing online retailer and has already raised £14m to prepare for a floatation next year. Iain McDonald of William Currie and Mark Evans of Balderton Capital will also join as non-executive directors.