Hong Kong - News & Analysis

07 March 2014
The pan-Asian retailer reports sales and underlying profit growth of 8% in 2013, and investment is underway to secure growth for the future. Headline figures Sales including 100% of associates and joint ventures rose 8% to USD12.4bn Positive like-for-like sales across most major businesses Underlying profit grew 8% to USD480m However, if the the write-off of prior years' Mala...
28 February 2014
Group revenue rose by 8% to HK$149 bn, with like-for-like sales up 2.2%. Operating profit increased 14% to HK$11.8bn, and EDITDA was up 11% to HK$14.2bn. Strong growth in China and Eastern Europe Sales growth in China remained strong at 17% driven by 255 new Watsons store openings during 2013, an 18% rise on the previous year. Comparable store sales were modest compared with the rest of As...
06 February 2014
It has been reported that A S Watson, (parent company of Superdrug) is considering relocation of its headquarters from Hong Kong to London. Easier transition to qualify for shares listing Whilst no solid decision has been made, it’s been widely reported in Europe and Asia that the company is seeking a joint primary listing in Hong Kong and London. Under rules supervised by the UK Listing Author...
18 December 2013
The world's largest health and beauty retailer A S Watson is expected to be listed on both the Hong Kong and London stock exchanges, according to media reports. Banks hired in preparation Hutchison Whampoa, the Hong Kong based owner of A S Watson, has hired three  banks to manage the stock market listing which could also see a secondary listing on the London market. Whilst the listing in Lon...
01 November 2013
To celebrate the first anniversary of its mobile app, pan-Asian retailer AEON has chosen station locations to trial its virtual shopping walls in Hong Kong. Driving traffic online and in-store These are located in Causeway Bay, Admiralty, Tai Koo, Tsuen Wan and Tsim Sha Tsui MTR stations. Each virtual wall displays more than forty gourmet products for shoppers to scan with their smart...
21 October 2013
Parent company Hutchison Whampoa has decided not to pursue the sale of ParknShop and has expanded its strategic review to the wider A. S. Watson business with potential for IPO. No sale of ParknShop, possible A. S. Watson IPO Hutchison Whampoa - the conglomerate that owns retail company A.S. Watson - began its strategic review process of its grocery network in July, with the possibility o...
02 October 2013
The Hong Kong Economic Times reports conglomerate Hutchison Whampoa plans to list Watsons. Potential listing, details yet to emerge The news source reported Hutchison Whampoa's plans to spin off its Watsons business, though as yet it is not clear whether this refers to the health and beauty stores which operate under the Watsons banner, or the retail arm of the company, the A. S. Watson G...
12 September 2013
The latest updates on geographical expansion and format development from China Resources Enterprise, operator of the well-known CR Vanguard banner. Next generation premium store CRE has opened its third Ole' store in Shanghai. One of CRE's premium supermarket formats, the retailer plans steady expansion to cater for the market's growing band of affluent shoppers. The store is one of the...
29 August 2013
AEON's expanding operational networks in Hong Kong and mainland China delivered revenue growth of 15.9% to HK$4.2bn (US$542m). However, profit declined 80.2% to HK$26.3m (USD3.4m) in the first six months of the year. First half results reflect expanded network and market challenges Healthy double digit growth in revenue was supported by new store openings. AEON now operates 28 stores in sou...
22 August 2013
After last week's announcement that Tesco and China Resources Enterprise (CRE) are considering a joint venture in China, the retailers are now said to be in discussion about a joint bid for the ParknShop supermarket chain. Clear advantages for both CRE and Tesco ParknShop is Hong Kong's second largest retail chain with more than 345 shops in Hong Kong, Macao and mainland China . Acqui...