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Move enables retailer to focus on cosmetics.
June 3, 2014
By: TOM BRANNA
Editor
AS Watson Group will sell its Nuance-Watson unit to The Nuance Group. Under terms of the agreement, ASW will sell its 50% interest in the Nuance-Watson Group, and the transaction, subject to standard conditions, is expected to complete by the end of June. The Nuance-Watson business is currently operating 46 stores in Hong Kong, Macau, Mainland China (Zhuhai), Singapore and Malaysia, offering travel retail services primarily in airports, and also duty-free stores in down town shopping malls. ...
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