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.
Thomas Naudi appointed Director of Business Development and Sales at ECM Meetings Malta and Portugal
The company, with offices in Malta and Portugal, specialises in event management services.
Is remote work on its way out? 79% of CEOs say it could be gone in three years
It will be interesting to see whether Malta’s work trends follows the global trend predicted or if it carves out ...
Industry stakeholders welcome ‘significant victory’ with annulment of ‘discriminative’ haulage rule
The Court of Justice acknowledged Malta's argument that the geographical challenges faced by island nations were not sufficiently considered.
Balancing ambition and personal wellbeing
A CEO’s struggle with ambition and wellbeing.
