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Li Ka-shing's Watson defies online rivals with 4 new stores a day

Published Tue, Jun 27, 2017 · 09:50 PM

Hong Kong

WHO says brick-and-mortar retail is dead? Billionaire Li Ka-shing's A.S. Watson Group is opening nearly four stores a day because selling baby and skincare products in China is generating profit margins that Amazon.com Inc could only dream of.

The operator of the Watsons health-and-beauty stores and Superdrug chain plans to open 1,400 outlets globally this year, more than a third of which will be in China, chief ope…

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Companies & Markets

Li Ka-shing's Watson defies online rivals with 4 new stores a day

Consumer & Healthcare

Cordlife calls for trading halt after shares sink to all-time low, pending announcement

Gazelle Ventures makes cash offer for No Signboard shares at S$0.0021 apiece

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

Swiss watch exports plunge as China and Hong Kong demand dries up

Cutting the cord?: Events leading up to Cordlife’s MOH suspension and arrests of its directors, ex-group CEO

Billionaires selling cheap stuff get richer from inflation pain

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