Capital, Earnings & M&A
Watsons China's First Sales Decline: Can a New Leader Spark a Rebound?
On the evening of March 22, Watsons' parent company CK Hutchison Holdings released its 2016 financial results, showing that as of December 31, 2016, it operated 13,300 stores across 25 markets globally. In 2016, the retail business generated annual revenue of HK$151.502 billion, down 2.6% year-on-year. The health and beauty products business in China posted revenue of HK$20.914 billion, a 3.82% decline from HK$21.713 billion in 2015, marking the first negative growth for Watsons China.
联商网 罗秀玲