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The Hong Kong-based health and beauty retailer rose three positions from Deloitte’s Global Powers of Retailing 2025’s previous report.
April 10, 2025
By: Lianna Albrizio
Associate Editor
International health and beauty retailer AS Watson rose to 52nd place among the world’s top 250 retailers – up three positions from Deloitte’s Global Powers of Retailing 2025’s previous report.
AS Watson, headquartered in Hong Kong, is the only international health and beauty retailer to make the prestigious list. Per the report, among the top 100 retailers worldwide, three companies are based in Hong Kong SAR and China.
AS Watson joins an exclusive cohort of 18 retailers with operations spanning more than 25 markets.
“We are honored to represent Hong Kong on the global retail stage, much like how Hong Kong’s athletes shine in international competitions,” said Dr. Malina Ngai, Group CEO of AS Watson. “In today’s dynamic economic environment, where consumer behaviors are constantly evolving and technological advancements are reshaping industries, retailers must demonstrate the same resilience, adaptability, and innovative spirit that define world-class athletes to remain at the top of their game.”
The recognition in the Global Powers of Retailing 2025 report highlights AS Watson’s focus on operational excellence, customer-centric strategies and sustainable growth, per company officials. AS Watson operates in 30 markets and has a rapidly growing network of O+O stores.
AS Watson recently hosted the Global Supplier Conference, bringing together CEOs and senior leaders from leading health and beauty manufacturing companies worldwide. This event in Hong Kong marked the kickoff of AS Watson’s 185th anniversary.
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