Savers Health & Beauty Ltd
TypeSubsidiary of A.S. Watson Group
IndustryRetail
Founded1988 (1988)
HeadquartersDunstable, Luton England
Key people
Dominic Lai (Group Managing Director)
Doug Winchester (Managing Director)
ProductsHealth & Beauty Products
OwnerA.S. Watson Group
ParentCK Hutchison Holdings
Websitewww.savers.co.uk
Savers, North End Road, Fulham, London (April 2015)

Savers Health & Beauty (founded in 1988 as Savers Drugstores) is a discount chain of more than five hundred stores, owned by A.S. Watson (Health & Beauty UK) Ltd, which is part of the A.S. Watson Group. It is a value retailer selling a variety of health, beauty, household goods, medicines and fragrances.[1]

History

The company gradually expanded throughout the 1990s, before acquiring the one hundred strong Supersave chain of drugstores from GHEA. The company grew to 176 stores before being sold to A.S. Watson, the retail and manufacturing arm of CK Hutchison Holdings, the conglomerate based in Hong Kong in July 2000.[2]

Subsequently, A.S. Watson acquired Kruidvat BV, the owner of the chain Superdrug in August 2002.[3] Following this, many Savers stores were converted to the format of Superdrug.[4][5] Some of those Superdrug stores were later re converted back into Savers stores, including a branch at Holywell, Flintshire.

The company is based in Dunstable near Luton; the home office building doubles as one of A.S. Watson large distribution centres in the United Kingdom, serving Savers, Superdrug, and The Perfume Shop. Customer service operations are based at Superdrug's head office in Croydon, London, and the company's registered office is Hutchinson House, Battersea, London.

As of December 2023, Savers has more than five hundred stores across the U.K.[6]

References

  1. ↑ "Savers' Newcastle store opening helps add to £55m turnover increase". chroniclelive.co.uk. 9 July 2017. Retrieved 26 June 2022.
  2. ↑ "A.S. Watson announces 221.9 million recommended cash offer for shares of UK specialist perfume retailer Merchant Retail". www.aswatson.com. 24 May 2005. Retrieved 26 August 2021.
  3. ↑ "AS Watson man at helm laid foundation on Kruidvat deal". scmp.com. 30 August 2002. Retrieved 21 May 2021.
  4. ↑ "Superdrug and Savers plan 80 new stores in 2020". thegrocer.co.uk. 25 February 2020. Retrieved 26 August 2021.
  5. ↑ "Second Superdrug in Scottish Borders to convert to Savers". thegrocer.co.uk. 13 January 2020. Retrieved 26 August 2021.
  6. ↑ "About Us". Savers. Retrieved 17 February 2016.


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