Kruidvat and Ici Paris XL to the stock exchange next year

Kruidvat and Ici Paris XL to the stock exchange next year

A.S. Watson is heading to the stock exchange in 2014. The owner of Benelux chains like Kruidvat and ICI Paris XL should be worth some 17 billion euro.

Hong Kong, London or Singapore

Hutchison Whampoa, the Hong Kong holding which owns A.S. Watson, have asked several business banks to guide the IPO, according to Sky News. The holding has not yet decided which stock exchange will host its subsidiary’s IPO. London and Hong Kong seem to be in pole position, but Singapore is still in the running as well.

 

Hutchison Whampoa, owned by Li Ka-shing (the richest man in Asia at a worth of 22.5 billion euro according to Forbes), had previously stated that it was going to re-evaluate the strategy for its retail activities, including “the possibility of public offerings of all or some of those businesses in appropriate markets”. It was however not considering “giving up control of any of the businesses”.

 

An average IPO in Hong Kong usually means a quarter of the stock goes to market. In A.S. Watson’s case, the chain of over 11,000 stores worldwide would be worth more than 4.5 billion euro.

 

 

 

 

(Translated by Gary Peeters)

Questions or comments? Please feel free to contact the editors


Unilever interested in Estée Lauder

25/08/2017

Increasing rumours say that cosmetics company Estée Lauder may be up for sale and that there are a number of interested parties, including L’Oréal and Unilever.

Sephora launches smaller store formula

24/07/2017

Cosmetics manufacturer Sephora launched a smaller store formula in the United States. Up until now, it had focused on large stores, but has now turned its attention to smaller stores.

Brazilian takeover of The Body Shop confirmed

29/06/2017

L’Oréal has officially confirmed the sale of its British subsidiary The Body Shop to Brazilian Natura Cosméticos. The deal was signed this week, is estimated to be worth 1 billion euro and should be finalized before the end of the year.

AS Watson wants to acquire Holland & Barrett

22/06/2017

AS Watson, Kruidvat’s parent company, has entered negotiations to acquire Holland & Barrett. It is apparently willing to pay one billion pounds (1.15 billion euro).

Estée Lauder doubles Victoria Beckham product range

22/06/2017

Things are going very smoothly for Estée Lauder and Victoria Beckham. Their first two “limited collections” sold out instantly and that is why the former Spice Girl will create a third collection.

Brazilian competitor on the verge of The Body Shop acquisition

09/06/2017

French L’Oréal has entered exclusive negotiations with Brazilian Natura Cosméticos to sell store chain The Body Shop, in a deal that should be worth a billion euro.

Back to top