Watson's acquisition of the second half of the HK preparatory 65.83
According to Hutchison Whampoa financial reports displayed in the first half of this year, Watson's retail and manufacturing sector a turnover of $ 418.67 22% increased, whereas last year, UBP group as sales of 676 billion. In accordance with the strength, Watson's group has already jumped on one of the locations of China retail industry to the Watson's Hutchison Whampoa internal cash flow, Li Ka-Shing once said: "the company has a Profit (profit), but does not have a Cashflow (cash flow), the business will mostly. ”
This time, let the world shocked not Li Ka-shing's port, not a "little Superman" Richard Li's PCCW, but early this year to a series of acquisitions storm global maximum health and beauty retailer of Watson's group. Prior to this, it has been silently lurking in Hutchison Whampoa Limited (0013.HK) of water, no one had its strength measurement.
Until to 5.34 billion euros cash tender offer European famous perfume chain Marionnaud SA shares this stealth Li Ka-Shing behind the retail empire began to surface, and the Mainland of China and the world is increasingly permeated by thread.
Million shop plans
Watson's group's history dates back to 1828 of Guangdong pharmacy, at that time mainly in Guangdong to provide medical services. 1981, Watson's Group officially become and a wholly-owned subsidiary under a yellow flag. "And yellow is an integrated enterprise, in 1989, OK real estate, ports, telecommunications, retail, energy for the five main business, its investment distribution between tradition and high tech. Retail and manufacturing is a traditional business, investment risk is low, contribute to balance the investment in high-technology business risks. "KGI, a senior analysts said.
Reporters found that Watson's group of health and beauty products chain stores in 10 countries in Europe with 3500 outlets. In Asia, Watson's personal care store is spread over nine markets more than 950 branches.
As a retail and manufacturing sector plays in January this year, Watson's group to cash acquisition of France listed retail group Marionnaud, the companies in 14 countries in Europe, a total of 1200 shops, is Europe's largest perfumery and cosmetics retail store.
In may, the company once again buying profitable United Kingdom listing retail group Merchant Retail Group, the group is the United Kingdom, Ireland and Australia's famous perfume shops, managing 120 home "The Perfume Shop" shop. 6 months, continue to completing the acquisition of Malaysia Apex Pharmacy, the company has 20 chain pharmacies. In October, headquartered in Russia St. Petersburg health and beauty products chain Spektrpuorg is Watson's income in the bag.
"Watson's group this year conducted a number of major acquisitions, consolidated its leading market share in the industry. The first half of this year, the number of total company retail stores has increased by 42%, the group currently operates in 33 markets more than 6800 retail stores. "Watson's Group Managing Director Wei to Ann revealed that in 2008 the company's goal is to expand the global retail network to 1 million homes and businesses throughout the European continent, of which China shop total to 1000.
According to Wei to Ann, Watson's expansion strategy is to continue to open new stores and mergers and acquisitions to develop new markets, the goal is to get the retail network consists of 34 countries expand to 40.
According to Investment Bank forecasts, Eastern European countries, rapid economic growth, coupled with the low rate of tax, national consumer spending continued to grow. The Watson's intention to continue to expand the retail landscape in the Eastern European region, expected in the next 3 months and then there are two new acquisition projects, while at the same time open up six new markets, including Russia, France, United Kingdom, Indonesia and Finland. To this end, the company has for the second half of the prepared 65.83 billion capital expenditure. Under and yellow in the first half of 2005 financial reports show that the company's cash and realisable 1417.14 billion yuan of total investment.
"The European economy is relatively weak, Watson's acquisition price is relatively low, wise practices. However, due to large-scale acquisitions of the company shortly after the expected loss may occur, their income need to be in a few years. "KGI's senior analyst opinion.
Multi-functional Legion
When Watson's health and beauty business in international and domestic shuttle between vision, of its exclusively occupied almost half of the country's other Hong Kong retail trade also quickly penetrate mainland.
19 years ago, the then national limited open foreign retail policies, and domestic investment, especially the "Li dynasty" is God, the Top100 supermarket only successful racing to Shenzhen, China mainland first Sino-foreign joint-venture supermarket, and quickly in Beijing, Shanghai and Guangzhou. But this kind of "to sell imported dry goods goods" as characteristics of the Top100 "neighborhood supermarket", and Wal-Mart, customer and retailer million collisions in tournament desilting, withdrawal from the Mainland in 1998, Guangdong, Shanghai and Beijing are more than 10 remaining stragglers.
17 November 1999, set in the Top100 Chinese was Managing Director of AI Yifan lead the Top100 "fresh market (i.e. fresh cooked food is the management body shopping supermarket)" a new image of a comeback. Mr. Li Ka-shing, "this is our last chance. "AI Yifan still remember that at the beginning of taking office.
Thankfully, new Park'n mode to "low-cost cyclone" a, then also served as Managing Director of gang, China resources Vanguard was a textbook Top100, led to the Chairman of the Board of the Exchequer huarun gaoning to Guangzhou tour of the site. Guangdong Liansuojingyingxiehui will Sun Hung also surprised to find that the Top100 popular fresh supermarket, almost the entire image to enable consumers to forgive its quality defects. To this end,
AI Yifan promoted to Watson's Group Chief Executive Officer of the retail food.
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