Temasek’s asking price of $3b for drugstore chain A S Watson stake seems too rich

What a pain. Photographer: Billy H.C. Kwok/Bloomberg

Take Hong Kong protests, add a dash of Brexit and then stir in the death of brick-and-mortar shopping. It’s hardly surprising that a savvy investor would want to bail from its stake in A.S. Watson Group, a retailer based in the former British colony with a big U.K. footprint.

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