Industry Retail Website www.savers.co.uk | Owner A.S. Watson Group Founded 1988 | |
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Type Subsidiary of A.S. Watson Group Key people Dominic Lai (Group Managing Director), Doug Winchester (Managing Director) Products Health & Beauty Products CEO Doug Winchester (20 May 2014–) Parent organizations CK Hutchison Holdings, Hutchison Whampoa Profiles | ||
Savers Health & Beauty (founded in 1988 as Savers Drugstores) is a UK discount chain of over 340 stores, retailing a variety of health, beauty, household goods, medicines, and fragrances. They operate with an active selling scheme known as SAS (Savers Active Selling) where products are offered to the customer at generally cheaper prices than the usual.
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 Hong Kong-based conglomerate in 2000.
Subsequently, A.S. Watson acquired Kruidvat BV, the owner of the Superdrug chain. Following this, many Savers stores were converted to the Superdrug format.
The company is based in Dunstable near Luton; the home office building doubles as one of A.S. Watson UK's large distribution centre's serving Savers, Superdrug, and The Perfume Shop. Customer service operations are based at Superdrug's head office in Croydon, London, while and the company's registered office is Hutchinson House, Battersea, London.
As of 2016, Savers operates over 300 stores.
Savers operates a "mega-discount" pricing platform; this has seen the company voted the best value health and beauty retailer by retail analyst Verdict in 2005 and 2009.
In 2016, for the first time, Savers were included, at 15th, in the Mail On Sunday's 'Best Big Companies to Work for'.