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.
Jamie Galea appointed Director of Account Management at Mastercard
Prior to this post, he worked in business development
David Valenzia appointed to Salvo Grima Group’s board of directors
David Valenzia has considerable experience in assisting with business development projects and corporate restructuring.
Nathan Farrugia completes 2,000km East Africa cycling challenge in aid of renal patients
From Mombasa, Kenya, to Kigali, Rwanda.
WATCH: Service charge must go to employees, not help cover costs, catering association President says
If a service charge is included, it should be written clearly on the menu, she says.
