Superdrug owner AS Watson Group is reportedly considering a takeover bid of at least £1bn for Holland & Barrett.
AS Watson Group, which is part of the Asian conglomerate CK Hutchinson Holdings, has tabled an indicative offer for the UK high street health foods chain, according to reports by Mark Kleinman at Sky News.
Hong Kong-based AS Watson may not go through with a formal takeover offer as talks are in an early stage.
As the largest international health and beauty retailer in Asia and Europe, AS Watson’s retail portfolio already includes The Perfume Shop and Savers, a discount shop. It owns 13,000 stores in 25 countries.
Holland & Barrett is part of a company called NBTY, which also owns a natural products maker and retailer Nature’s Bounty.
Interest in the health foods chain is reportedly heating up as a number of private equity groups and other retail investors are circling.