Savers (UK retailer)

Savers Health and Beauty Limited
Formerly	Sourcepole Limited (1987–1988); Savers Drug Stores Limited (1988–1990); Savers Drugstores plc (1990–1996);
Company type	Subsidiary of A.S. Watson Group
Industry	Retail
Founded	1988
Headquarters	Dunstable, Luton England
Key people	Dominic Lai (Group Managing Director); Doug Winchester (Managing Director)
Products	Health & Beauty Products
Owner	A.S. Watson Group
Parent	CK Hutchison Holdings
Website	savers.co.uk

Savers Health and Beauty Limited, trading as Savers, is a discount chain of more than 500 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.^[2]

History

The company gradually expanded throughout the 1990s before acquiring the 100-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.^[3]

Subsequently, A.S. Watson acquired Kruidvat BV, the owner of the chain Superdrug in 2002.^[4] Following this, many Savers stores were converted to the Superdrug format.^[5]^[6] 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's large UK distribution centres 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.

References

^ "SAVERS HEALTH AND BEAUTY LIMITED overview - Find and update company information – GOV.UK". Companies House. 4 December 1987. Retrieved 22 January 2024.
^ "Savers' Newcastle store opening helps add to £55m turnover increase". chroniclelive.co.uk. 9 July 2017. Retrieved 26 June 2022.
^ "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.
^ "AS Watson man at helm laid foundation on Kruidvat deal". scmp.com. 30 August 2002. Retrieved 21 May 2021.
^ "Superdrug and Savers plan 80 new stores in 2020". thegrocer.co.uk. 25 February 2020. Retrieved 26 August 2021.
^ "Second Superdrug in Scottish Borders to convert to Savers". thegrocer.co.uk. 13 January 2020. Retrieved 26 August 2021.

External links

Savers website
A.S. Watson site
Media related to Savers (UK retailer) at Wikimedia Commons

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[CompaniesHouse-1] "SAVERS HEALTH AND BEAUTY LIMITED overview - Find and update company information – GOV.UK". Companies House. 4 December 1987. Retrieved 22 January 2024.

[2] "Savers' Newcastle store opening helps add to £55m turnover increase". chroniclelive.co.uk. 9 July 2017. Retrieved 26 June 2022.

[3] "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.

[4] "AS Watson man at helm laid foundation on Kruidvat deal". scmp.com. 30 August 2002. Retrieved 21 May 2021.

[5] "Superdrug and Savers plan 80 new stores in 2020". thegrocer.co.uk. 25 February 2020. Retrieved 26 August 2021.

[6] "Second Superdrug in Scottish Borders to convert to Savers". thegrocer.co.uk. 13 January 2020. Retrieved 26 August 2021.

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