LONDON: British health and beauty retailer Boots Plc announced a far-reaching structural overhaul yesterday that will see the sale of its Boots Healthcare International (BHI) division and warned of falling profits this year.
Continuing a steady stream of bad news for the 1,400-strong high-street pharmacy and drugstore chain, Boots said that operating profits at its key Boots The Chemist (BTC) division would fall in 2005/06 as consumers reined in spending and costs rose.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!