New Stock News | CKH HOLDINGS (00001) under its Watsons has hired Goldman Sachs and UBS to advance the listing process.

According to media reports citing sources familiar with the matter, CKH HOLDINGS (00001) has chosen Goldman Sachs and UBS to proceed with the IPO of its Watsons Group. Sources said that Watsons Group is working with investment banks to explore a dual listing in Hong Kong and London. Discussions are still ongoing, and details such as the size and timing of the IPO are still in the early planning stages. Previous media reports indicated that CKH HOLDINGS plans to list its Watsons Group in both Hong Kong and the UK, with expected fundraising of up to $2 billion. The ownership structure of Watsons Group shows that CKH HOLDINGS holds approximately 75% of the shares, while Temasek holds about 25% of the shares. The group, founded over 180 years ago, claims to be the world's largest health and beauty retailer with 17,000 stores in 31 markets both online and offline. The brands under Watsons Group include health and beauty retailer Watsons, PARKnSHOP supermarkets, Fortress, and wine retailer Watson's Wine. In Europe, the Watsons Group owns several leading health and beauty retailers such as Kruidvat, Superdrug, Rossmann, Savers, Trekpleister, and Drogas. Additionally, the group also owns premium fragrance and cosmetics brands ICI Paris XL and The Perfume Shop.