A.S. Watson news

10 May 2018
After nearly seven decades, Li Ka-shing has formally stepped down as chairman of CK Hutchison Holdings Ltd. and CK Asset Holdings Ltd. A remarkable career... The 89-year-old, who announced his retirement plans in March, will handover responsibilities to his eldest son, Victor Li. After a shareholders meeting, Li Ka-shing said, 'I think I’ve done the best of what I can [...] I feel very grat...
24 April 2018
A.S. Watson has a diverse retail portfolio, including a range of different health & beauty banners, supermarkets and electrical stores. We review some of the latest new concept Watsons stores in Taiwan, China, Singapore and Russia. Watsons Tech-Fun in Taiwan Having revealed its expansion plans last year, Watsons has now launched an innovative new store concept, Watson's Tech-Fun. The n...
03 April 2018
South Korean convenience store retailer, GS Retail, has announced plans to expand its health and beauty network by up to 300 stores this year. Rebranding completed - expansion outlined In February, GS Retail made Watsons Korea a wholly owned subsidiary acquiring the other 50% stake held by A.S. Watson Group. Since them, the retailer rebranded all its Watsons' stores to ‘Lalavla’ (pronounced...
22 March 2018
Strong growth in health & beauty globally helped lift A.S. Watson’s global revenues by 2% growth (in local currency) to HKD156.2 bn (US$19.9 bn) in newly released full year results, compensating for a weaker performance in other retail operations. Results summary Health and beauty revenue increased 5% to HKD126.3 bn (US$15.8 bn), driven by a 6% expansion in store numbers. 778 new stores hea...
05 January 2018
A.S. Watson has launched a Technology Partnership Programme to build a network of strategic partners to accelerate its global digital transformation. Greater visibility to drive growth A.S. Watson's latest announcement will see their ‘Tech Partners’ receive visibility on the group’s growth strategy. This should help provide expert advice and services, and access to innovations developed by ...
30 August 2017
Health and beauty specialist Watsons plans to refresh its brand with colourful formats and streamline its online shopping platform as part of its anniversary celebrations. Growing digitally in line with customers' habits Watsons has earmarked THB 100m (US$3m) to give all its formats a new look, including its online platform. Managing director Rod Routley said home delivery for online buyers...
22 August 2017
Watsons, a leading health a beauty retailer, has revealed their plans to add 90 outlets in Taiwan in the next three years. 20 new stores by end-2017, plus a flagship store expected The pace of new store openings expected in Taiwan will be quicker than previous years, having achieved 55 store openings between 2013 and 2016. 20 new stores are expected to open by end-2017, including a large fl...
07 August 2017
A.S. Watson has reported a flat revenue of HKD73.6bn (US$9.4bn) and 2% decline in operating profit to HKD5.2bn (US$664mn) for its fiscal first half compared to last year. Results impacted by currency fluctuations A.S. Watson's revenue has remained flat in the six months to 30th June, with results impacted by adverse foreign-currency exchange similar to results posted for FY2016. In local cu...
10 July 2017
A.S. Watson has announced that they will open 88 new stores in the UK via Superdrug, Savers and The Perfume Shop. Investment in UK despite uncertainty While sterling has fallen due to the Brexit uncertainty, and local currency HKD sliding against USD, A.S. Watson will continue to invest in the UK. The group said it would be opening 30 more Superdrug stores, 45 Savers outlets and 13 The Perf...
29 June 2017
The largest international health and beauty retailer, A.S. Watson Group, plans to open 1,400 stores across the world this year. Store expansion to improve overall profits Despite failing in a recent bid to acquire heath retailer Holland & Barrett, Watsons have moved swiftly to announce their latest expansion plans. Watsons aims to open 1,400 outlets globally this year, with 500 stores in Ch...