With brick-and-mortar stores taking a hit around the world, due to imposed closures and lockdowns to mitigate the spread of the COVID-19 pandemic, it appears to be the dawn of a new era for e-commerce.

Following British online fashion retailer ASOS’ acquisition of Topshop, Topman, Miss Selfridge and HIIT brands last February, its CEO Nick Beighton has said that it is “highly likely” that more will follow as part of its multi-brand strategy.

In comments to Reuters, Mr Beighton affirmed that “ASOS has got ambitious plans,” as the group published record results for the quarter of the year.

“We’re building our business to be a substantially greater business with a 10-year view… It’s highly likely to achieve those goals we would pick-up some other brands or acquisitions along the way,” he maintained, stipulating that the brand has a strict criterion for selection.

“It’s got to be fashion, it’s got to be something our 20-somethings care about, it’s got to be a strong return for our (share) holders,” the ASOS CEO said.

Related

‘Best thing to come out of greylisting experience was cooperation across stakeholders’ – MBR CEO

1 December 2022
by Helena Grech

She spoke during FinanceMalta’s 15th Annual Conference.

Raylene Pollacco promoted to Chief Talent Officer at ROCS Group

1 December 2022
by Fabrizio Tabone

She previously served as Human Resources Development Manager at the company.

Continuous learning ‘calls upon us to be curious and ambitious’ – BOV Chairperson Gordon Cordina

1 December 2022
by Fabrizio Tabone

He spoke during BOV’s first graduation ceremony since the COVID-19 pandemic.

Oksana Xerri named Chief Marketing Officer at Germany-based casino company

1 December 2022
by Fabrizio Tabone

She brings over 20 years of sales and marketing experience to WeltBet.

Close Bitnami banner
Bitnami