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Last Updated: Sunday, 15 June, 2003, 15:11 GMT 16:11 UK
Boots looks for US partner
Boots has recently cut jobs
High street chemist chain Boots is in talks to sell its products in the US.

The Nottingham-based company is talking to potential partners about setting up a deal whereby its health and beauty products could be sold through an existing store chain.

Boots already has a similar partnership with retail chain Watsons in Hong Kong and Taiwan, which stocks its products.

A Boots spokesman said: "We are talking to potential partners about a trial to see if the export model we have successfully developed in Hong Kong can work in the US.

"No conclusion has been reached at this stage but if we do go ahead, any trial would be on a very limited basis."

Profits down

It is thought that if the group decided to pursue the move any trial would not happen for at least six months.

Boots recently closed its Italian and Dutch branches to concentrate on sales in Asia.

Earlier this month, Boots announced it was cutting 500 job from its headquarters as it looks to make savings of 100million.

For the past six months Boots has been cutting jobs across the UK, including closing its Airdrie factory and Wellbeing beauty treatment centres.

Profits for the year before exceptionals fell to 555.4m ($907.2m), in line with forecasts after providing guidance to analysts in March.

A new chief executive is due to arrive in September to help revitalise the company's core chemist chain.




SEE ALSO:
Boots profits tumble
05 Jun 03  |  Business
Boots rethink costs jobs
27 Mar 03  |  Business


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