1981 A.S. Watson became a wholly owned subsidiary of Hutchison Whampoa Limited with 75 retail food and non-food outlets.  
1987 Watson's The Chemist expanded to Taiwan, Macau and Singapore (1988), Malaysia (1994), Thailand (1996), Philippines (2002).    
1989 Watson's The Chemist reopened in China.    
1990 Fortress joined the A.S. Watson Group.  
1994 Water factory opened in Beijing.    
1997 Acquired Shanghai Sparkling Drinking Water.  
1998
- Fortress opened its first store in Taiwan.

- Watson's Wine Cellar opened in Hong Kong.

- Nuance-Watson's retail stores opened at Hong Kong International Airport.

- Expanded water operations in Europe through acquisitions.

 
1999 A.S. Watson sold ice-cream businesses in Shanghai, Guangzhou and Hong Kong to the Unilever Group.