HWL was an international corporation with a diverse array of holdings which included the world's biggest port, and telecommunication operations in 14 countries that were run under the 3 brand.
[1][2] In 1965, Hutchison International under the leadership of Sir Douglas Clague gained a controlling interest of Hong Kong and Whampoa Dock.
He pursued an aggressive path of diversification, acquiring A.S. Watson, Davie, Boag and Co. Ltd., Hong Kong and Whampoa Dock Co. Ltd., and China Provident Co. Ltd. A decade later, however, the conglomerate reported losses of HK$130 million and became unable to service its growing debt.
[3][4] In 1975, Clague lost control of Hutchison Whampoa due to disastrous speculation on foreign currency and stock markets.
[7] On 25 September 1979, at the close of trade in London, HSBC announced that it was selling its 22% stake in Hutchison Whampoa to Cheung Kong Holdings for HK$639 million.
[8] In March 2011, Hutchison Port Holdings Trust (HPHT) announced that the company would IPO through Singapore Exchange for about US$5.4 billion.
[9] In January 2015, Li Ka-shing entered into talks with Telefónica to buy its British mobile division, O2, for around $15.4 billion,[10] but the deal was blocked in 2016 by the EU's Competition Commissioner.
[13] In May 2015, Hutchison revealed plans to sell one-third of its stake in its British-based mobile phone businesses for a potential fee of $4.3 billion to five investors including GIC Private Limited, Canada Pension Plan Investment Board, Abu Dhabi Investment Authority, BTG Pactual and Caisse de dépôt et placement du Québec.
In Europe, ASW's retail network comprises health and beauty chains: DC, Drogas, Kruidvat, Rossmann, Savers Health & Beauty, Superdrug, Trekpleister [fr; nl], Spektr and Watson's, as well as luxury perfumeries and cosmetics retail brands: Marionnaud, ICI Paris XL and The Perfume Shop.