71
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L'OREAL GROUP
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Permanent · CAPE TOWN
ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
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ESTÉE LAUDER COMPANIES
Marketing & Sales Operations Manager (Sub Saharan Africa)
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PUMA
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Permanent · CAPE TOWN
ADIDAS
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L'OREAL GROUP
Product Manager
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Country Manager
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L'OREAL GROUP
E-Commerce Key Account Manager
Permanent · JOHANNESBURG
ADIDAS
ic pp Data & Analytics Specialist - em
Permanent · CAPE TOWN
BEIERSDORF
Precision Marketing & Audience Specialist
Permanent · DURBAN
CLINIQUE
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PANDORA
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L'OREAL GROUP
Data Analyst
Permanent · JOHANNESBURG
HTNK
High-End Fashion/Denim Designer
Permanent · JOHANNESBURG
H&M
Talent Acquisition Specialist
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ADIDAS
Specialist Franchise Excellence - Ems Africa Export
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LOVISA
Full Time Team Member | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
LOVISA
Store Manager | v&a Waterfront, Cape Town
Permanent · CAPE TOWN
By
Reuters
Published
Mar 5, 2021
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HBC to launch Saks Fifth Avenue's online business as separate entity

By
Reuters
Published
Mar 5, 2021

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 Insight Partners, a U.S. private equity firm, in the online business.


Facebook: Saks Fifth Avenue



Online demand for expensive makeup and handbags has received a boost during the COVID-19 pandemic, prompting luxury goods sellers to double down on their e-commerce business at a time when store traffic has been under pressure.

“Luxury ecommerce is poised for exponential growth,” HBC Chief Executive Officer Richard Baker said.

Insight’s equity investment values the online business, called Saks, at $2 billion, HBC said, adding the retailer’s 40-store fleet would operate separately and would be referred to as SFA.

Marc Metrick, the chief executive of the combined firm, would helm Saks, with former Amazon.com Inc executive Sebastian Gunningham also joining the e-commerce company’s board.

Insight Partners has invested in a range of technology and e-commerce companies, including Shopify Inc and Qualtrics Inc.

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