A.S. Watson news

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...

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...

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...

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...

We round up the latest news from the Netherlands as high street discount chain Normal enters the market, while Jumbo’s Commercial Director is appointed as MD of Kruidvat. Normal expands to the Netherlands Danish high street discount chain Normal is to enter the Netherlands, its first market outside of the Nordics. Its market entry is set to take place in Utrecht on 5th May. After this, No...

A.S. Watson has appointed Roland van den Berg as General Manager of Trekpleister.  Appointments effective from 1st March 2018 From 1st March, Roland van den Berg will succeed Bert Verhoef as General Manager of Trekpleister. Johan Boeijenga, Kruidvat Belgium’s CEO will leave A.S. Watson and Verhoef will become the managing director of Kruidvat Belgium and France. Van den Berg will be re...

A.S. Watson has announced that it will partner Infosys as part of its Technology Partnership Programme announced earlier this month. Expertise in AI and data science The partnership with Infosys will provide A.S. Watson expertise in AI and data science. Infosy's vast experience will also help the retailer optimise its customer centric analytics platform. This appointment is part of A.S...

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 ...

European retailers, Kruidvat and Trekpleister, owned by A.S. Watson, will end the sales of tobacco products in over 1000 stores in next two years. Tobacco sales to be phased out of stores Kruidvat is aiming to end sales of tobacco at two-thirds of their stores this year. For practical reasons, this will be phased out to the rest of their store network in 2019. In new and renovated Kruidvat ...

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...