Hong Kong Billionaire Li Ka-shing $26 Billion CK Hutchison Holdings Plans Hong Kong IPO for Health & Beauty Retail Giant AS Watson Group in 2026 to Raise $2 Billion, Founded in 1841 as a Dispensary & Company Later Registered under Name of First Store Manager British Pharmacist Alexander Skirving Watson (AS Watson & Company Limited), Singapore Temasek Owns 24.9% of AS Watson Group Acquired for $5.7 Billion in 2014
23rd November | Hong Kong
Hong Kong billionaire Li Ka-shing CK Hutchison Holdings ($24 billion market value) is planning for Hong Kong IPO of health & beauty retail giant AS Watson Group in 2026 to raise $2 billion. Watson Group was founded in 1841 as a dispensary, with the company later registered under the name of the first store manager British pharmacist Alexander Skirving Watson (AS Watson & Company Limited). Singapore Temasek owns 24.9% of AS Watson Group, acquired for $5.7 billion in 2014. AS Watson Group – AS Watson Group, the world’s largest international health and beauty retailer, is operating over 17,000 stores under 12 retail brands in 31 markets, with over 130,000 employees worldwide. For the fiscal year 2024, AS Watson Group recorded revenue of over US$24 billion. Every year, we are serving over 6 billion shoppers via our O+O (Offline plus Online) technology-enabled platforms. Together with our 12 retail brands including Watsons, Kruidvat, Trekpleister, Superdrug, Savers, Rossmann, Drogas, ICI PARIS XL, The Perfume Shop, PARKnSHOP, FORTRESS and Watson’s Wine, we set O+O (Offline Plus Online) as the new standard for retail. O+O is more about creating an integrated offline and online experience to better serve customers’ needs through digital transformation, that enables them to shop across any channel, anytime, anywhere. Every day, we work towards a clear purpose: To put a Smile on our customers’ faces today and tomorrow. History – AS Watson Group was founded as a small dispensary in 1841 in Hong Kong. Alexander Skirving Watson, a British pharmacist, was the first store manager of the dispensary and later the company registered under his name AS Watson & Company Limited.
“ Hong Kong Billionaire Li Ka-shing $26 Billion CK Hutchison Holdings Plans Hong Kong IPO for Health & Beauty Retail Giant AS Watson Group in 2026 to Raise $2 Billion, Founded in 1841 as a Dispensary & Company Later Registered under Name of First Store Manager British Pharmacist Alexander Skirving Watson (AS Watson & Company Limited), Singapore Temasek Owns 24.9% of AS Watson Group Acquired for $5.7 Billion in 2014 “
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Hong Kong Billionaire Li Ka-shing $26 Billion CK Hutchison Holdings Plans Hong Kong IPO for Health & Beauty Retail Giant AS Watson Group in 2026 to Raise $2 Billion, Founded in 1841 as a Dispensary & Company Later Registered under Name of First Store Manager British Pharmacist Alexander Skirving Watson (AS Watson & Company Limited), Singapore Temasek Owns 24.9% of AS Watson Group Acquired for $5.7 Billion in 2014
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