New Stock News | CKH HOLDINGS (00001)'s Watson Group Reportedly Hires Goldman Sachs, UBS to Advance Listing Matters

Stock News01-09

According to media reports citing informed sources, CKH HOLDINGS (00001) has selected Goldman Sachs and UBS to advance the IPO matters for its Watson Group. Informed sources indicated that the Watson Group is collaborating with investment banks to explore a dual listing in both Hong Kong and London. Relevant discussions are still ongoing, with details such as the IPO scale and timing remaining in the preliminary planning stages. According to previous media reports, CKH HOLDINGS plans to list its Watson Group in both Hong Kong and the UK, with an estimated fundraising amount of up to $2 billion. The ownership structure of the Watson Group shows that it is approximately 75% held by CKH HOLDINGS and approximately 25% held by Temasek. Founded over 180 years ago, the group describes itself as the world's largest health and beauty retailer by number of stores, operating 17,000 online and offline stores across 31 markets. The Watson Group's portfolio of brands includes the health and beauty specialty store Watsons, PARKnSHOP supermarket, Fortress, and the wine specialty retailer Watson’s Wine. In Europe, the Watson Group owns numerous leading health and beauty retailers, such as Kruidvat, Superdrug, Rossmann, Savers, Trekpleister, and Drogas. Additionally, the group holds premium perfume and cosmetics brands ICI Paris XL and The Perfume Shop.

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