Breaking News

AS Watson To Sell Travel Unit

June 3, 2014

Move enables retailer to focus on cosmetics.

AS Watson Group will sell its Nuance-Watson unit to The Nuance Group. Under terms of the agreement, ASW will sell its 50% interest in the Nuance-Watson Group, and the transaction, subject to standard conditions, is expected to complete by the end of June.


The Nuance-Watson business is currently operating 46 stores in Hong Kong, Macau, Mainland China (Zhuhai), Singapore and Malaysia, offering travel retail services primarily in airports, and also duty-free stores in down town shopping malls.


AS Watson Group Managing Director Dominic Lai commented on the transaction, "I appreciate the long-term partnership with TNG. The Nuance-Watson joint-venture has been strong and fruitful, and the co-operation with TNG has been a win-win partnership for many years. We see this deal as an opportunity for us to focus on our core retail operations, as we continue to expand rapidly in Asia and Europe to sustain and extend our leadership in health and beauty retail, as well as our diverse retail portfolio in Hong Kong including also food, electronics and wine retail."


A.S. Watson Group is the largest international health & beauty retailer in Asia and Europe, with over 10,700 retail stores in 25 markets. The Group has a diverse portfolio of market leading retail brands offering everything from health & beauty, food, electronics, wine to perfumes. With over 100,000 employees, the Group is also a member of the world renowned multinational conglomerate Hutchison Whampoa Limited, which has six core businesses - ports and related services, property and hotels, retail, infrastructure, energy and telecommunications in 52 countries.

Related End-User Markets:

  • Cargo Says Aloha To Spring/Summer

    Cargo Says Aloha To Spring/Summer

    Christine Esposito, Associate Editor||February 13, 2017
    Cargo Cosmetics has rolled out its new Spring/Summer collection with Hawiianan singer Anuhea.

  • Catch These Rising Stars of Beauty

    Catch These Rising Stars of Beauty

    Nancy Jeffries, Contributing Editor||February 6, 2017
    Who won what at Fashion Group International's Rising Star awards show

  • Erasa

    Erasa's New Evangelist(a)

    January 9, 2017
    Impressed by the performance of its hero SKU, supermodel Linda Evangelista joins the company in a hand's on role.

  • What the Halal  Is Going On?

    What the Halal Is Going On?

    Imogen Matthews , In-Cosmetics||February 2, 2017
    Demand for these beauty products is surging thanks to a fastgrowing Muslim population.

  • Defining Clean Skin

    Defining Clean Skin

    Nava Dayan PhD, Dr. Nava Dayan LLC||February 1, 2017
    A look at the issues, research and history surrounding this controversial topic.

  • Linked In

    Linked In

    Christine Esposito , Associate Editor||February 1, 2017
    Through virtual reality, apps and connected devices, beauty and personal care brands can strengthen their customer relations