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Watson's Wine Cellar
Watson's Wine is a wine retailer in Hong Kong and a member of the A.S. Watson Group (ASW), a wholly owned subsidiary of CK Hutchison Holdings Limited (CK Hutchison). They offer a comprehensive selection of fine wine, spirits, accessories and cigars. With vintages sourced directly from over 20 countries, Watson's Wine lists over 2,000 different wines, more than 400 of which are "exclusive" and cannot be found elsewhere. A distinctive feature of each retail store is the Fine Wine Room containing over 300 different vintages ranging from the top Chateaux from Bordeaux to emerging New World Classics from around the world. It opened its first store in International Finance Centre, Central, Hong Kong in 1998. It is now the largest specialist wine store in Hong Kong, which has 20 retail stores in Hong Kong, 2 retail stores in Macau and an online shopping site . All staff in the stores are required to pass the "Wine & Spirit Education Trust The Wine & Spirit Education Trust, oft ...
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Privately Owned Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ''Forbes'' survey of closely held U.S. businesses sold a trillion dollars' worth of goods and services (4 ...
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Bordeaux
Bordeaux ( , ; Gascon oc, Bordèu ; eu, Bordele; it, Bordò; es, Burdeos) is a port city on the river Garonne in the Gironde department, Southwestern France. It is the capital of the Nouvelle-Aquitaine region, as well as the prefecture of the Gironde department. Its inhabitants are called ''"Bordelais"'' (masculine) or ''"Bordelaises"'' (feminine). The term "Bordelais" may also refer to the city and its surrounding region. The city of Bordeaux proper had a population of 260,958 in 2019 within its small municipal territory of , With its 27 suburban municipalities it forms the Bordeaux Metropolis, in charge of metropolitan issues. With a population of 814,049 at the Jan. 2019 census. it is the fifth most populated in France, after Paris, Lyon, Marseille and Lille and ahead of Toulouse. Together with its suburbs and exurbs, except satellite cities of Arcachon and Libourne, the Bordeaux metropolitan area had a population of 1,363,711 that same year (Jan. 2019 census), ma ...
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Retail Companies Established In 1998
Retail is the sale of goods and services to consumers, in contrast to wholesaling, which is sale to business or institutional customers. A retailer purchases goods in large quantities from manufacturers, directly or through a wholesaler, and then sells in smaller quantities to consumers for a profit. Retailers are the final link in the supply chain from producers to consumers. Retail markets and shops have a very ancient history, dating back to antiquity. Some of the earliest retailers were itinerant peddlers. Over the centuries, retail shops were transformed from little more than "rude booths" to the sophisticated shopping malls of the modern era. In the digital age, an increasing number of retailers are seeking to reach broader markets by selling through multiple channels, including both bricks and mortar and online retailing. Digital technologies are also affecting the way that consumers pay for goods and services. Retailing support services may also include the provision o ...
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Wine & Spirit Education Trust
The Wine & Spirit Education Trust, often referred to as WSET, is a global organisation which arranges courses and exams in the field of wine, spirits and sake. WSET was founded in 1969, is headquartered in London and is generally regarded as one of the world's leading providers of wine education. In 2016, it opened its first international office, WSET Asia Pacific, in Hong Kong in response to high demand for wine and spirit education across Greater China. History and management WSET grew out of the Wine and Spirit Trade Association Education Committee and was set up with the financial assistance of the Worshipful Company of Vintners. The management of the WSET reports to a Board of Trustees made up of 8 members: three from The Worshipful Company of Vintners, three from the Wine and Spirit Trade Association, one from the Worshipful Company of Distillers and another one from the Institute of Masters of Wine. Courses The courses given by WSET were originally intended for people in ...
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Employment
Employment is a relationship between two parties regulating the provision of paid labour services. Usually based on a contract, one party, the employer, which might be a corporation, a not-for-profit organization, a co-operative, or any other entity, pays the other, the employee, in return for carrying out assigned work. Employees work in return for wages, which can be paid on the basis of an hourly rate, by piecework or an annual salary, depending on the type of work an employee does, the prevailing conditions of the sector and the bargaining power between the parties. Employees in some sectors may receive gratuities, bonus payments or stock options. In some types of employment, employees may receive benefits in addition to payment. Benefits may include health insurance, housing, disability insurance. Employment is typically governed by employment laws, organisation or legal contracts. Employees and employers An employee contributes labour and expertise to an endea ...
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Online Shopping
Online shopping is a form of electronic commerce which allows consumers to directly buy goods or services from a seller over the Internet using a web browser or a mobile app. Consumers find a product of interest by visiting the website of the retailer directly or by searching among alternative vendors using a shopping search engine, which displays the same product's availability and pricing at different e-retailers. As of 2020, customers can shop online using a range of different computers and devices, including desktop computers, laptops, tablet computers and smartphones. An online shop evokes the physical analogy of buying products or services at a regular "bricks-and-mortar" retailer or shopping center; the process is called business-to-consumer (B2C) online shopping. When an online store is set up to enable businesses to buy from another businesses, the process is called business-to-business (B2B) online shopping. A typical online store enables the customer to browse the ...
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Macau
Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a population of about 680,000 and an area of , it is the most densely populated region in the world. Formerly a Portuguese colony, the territory of Portuguese Macau was first leased to Portugal as a trading post by the Ming dynasty in 1557. Portugal paid an annual rent and administered the territory under Chinese sovereignty until 1887. Portugal later gained perpetual colonial rights in the Sino-Portuguese Treaty of Peking. The colony remained under Portuguese rule until 1999, when it was transferred to China. Macau is a special administrative region of China, which maintains separate governing and economic systems from those of mainland China under the principle of " one country, two systems".. The unique blend of Portuguese and Chinese arc ...
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Central, Hong Kong
Central (also Central District) is the central business district of Hong Kong. It is located in Central and Western District, on the north shore of Hong Kong Island, across Victoria Harbour from Tsim Sha Tsui, the southernmost point of Kowloon Peninsula. The area was the heart of Victoria City, although that name As the central business district of Hong Kong, it is the area where many multinational financial services corporations have their headquarters. Consulates general and consulates of many countries are also located in this area, as is Government Hill, the site of the government headquarters. The area, with its proximity to Victoria Harbour, has served as the centre of trade and financial activities from the earliest days of the British colonial era in 1841, and continues to flourish and serve as the place of administration after the handover to China in 1997. Naming The area of Chung Wan (aka Choong Wan in the past; ), named Central in English, was one of the dis ...
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International Finance Centre (Hong Kong)
The International Finance Centre, abbreviated as ifc) is a skyscraper and an integrated commercial development on the Victoria Harbour, waterfront of Hong Kong's Central and Western District, Central District. A prominent landmark on Hong Kong Island, IFC consists of two skyscrapers, the ifc mall, and the 55-storey Four Seasons Hotel Hong Kong. Twe 02 is the second tallest building in Hong Kong at a height of 415 m, behind the International Commerce Centre in West Kowloon, and the List of tallest buildings, 31st-tallest building in the world. It is the fourth-tallest building in the Greater China, Greater China region and the eighth-tallest office building in the world, based on structural heights; It is of similar height to the former World Trade Center (1973–2001), World Trade Center. The Airport Express (MTR), Airport Express Hong Kong station is directly beneath it, with subway lines to Hong Kong International Airport. ifc was constructed and is owned by IFC Developmen ...
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New World
The term ''New World'' is often used to mean the majority of Earth's Western Hemisphere, specifically the Americas."America." ''The Oxford Companion to the English Language'' (). McArthur, Tom, ed., 1992. New York: Oxford University Press, p. 33: "[16c: from the feminine of ''Americus'', the Latinized first name of the explorer Amerigo Vespucci (1454–1512). The name ''America'' first appeared on a map in 1507 by the German cartographer Martin Waldseemüller, referring to the area now called Brazil]. Since the 16c, a name of the western hemisphere, often in the plural ''Americas'' and more or less synonymous with ''the New World''. Since the 18c, a name of the United States of America. The second sense is now primary in English: ... However, the term is open to uncertainties: ..." The term gained prominence in the early 16th century, during Europe's Age of Discovery, shortly after the Italian explorer Amerigo Vespucci concluded that America (now often called ''the Am ...
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Vintages
Vintage, in winemaking, is the process of picking grapes and creating the finished product—wine (see Harvest (wine)). A vintage wine is one made from grapes that were all, or primarily, grown and harvested in a single specified year. In certain wines, it can denote quality, as in Port wine, where Port houses make and declare vintage Port in their best years. From this tradition, a common, though not strictly correct, usage applies the term to any wine that is perceived to be particularly old or of a particularly high quality. Most countries allow a vintage wine to include a portion of wine that is not from the year denoted on the label. In Chile and South Africa, the requirement is 75% same-year content for vintage-dated wine. In Australia, New Zealand, and the member states of the European Union, the requirement is 85%. In the United States, the requirement is 85%, unless the wine is designated with an AVA, (e.g., Napa Valley), in which case it is 95%. Technically, the 85% r ...
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Li Ka-shing
Sir Ka-shing Li (; born 13 June 1928) is a Hong Kong billionaire business magnate, investor, and philanthropist. As of June 2019, Li is the 31st richest person in the world, with an estimated net wealth of US$33.4 billion. He is the senior advisor for CK Hutchison Holdings and CK Asset Holdings, after he retired from the Chairman of the Board in May 2018; through it, he is the world's leading port investor, developer, and operator of the largest health and beauty retailer in Asia and Europe. Forbes magazine released its Hong Kong fortune league chart in February 2021, which showed that Li Ka-shing had reclaimed his prime position as Hong Kong's richest person, with his net assets topping US$35.40 billion. Li is one of the most influential entrepreneurs in Asia, presiding over a business empire with a diverse portfolio of businesses from a wide array of industries, including transportation, real estate, financial services, retail, and energy and utilities. His conglomerate com ...
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