The company's revenues fell from 2.37 billion euros to 1.84 billion euros in 2020. Online sales grew 36% year over year to 766 million euros, representing 42% of total revenues, while EBITDA came to 193 million euros.
Asda’s new owners are planning a radical transformation of the chain that could see new services such as nail bars and beauty salons, more third-party concessions, and the sale of its George clothing operations.
HBC, the owner of Saks Fifth Avenue, said on Friday it would launch the luxury department store’s e-commerce segment as a separate business following a $500 million infusion from a U.S. private equity firm.
The New York-based beauty conglomerate has announced the creation of its new Equity and Engagement Center of Excellence. The center will be led by Nicole Monson, who has been with the company since 2014.