The Pharmaceutical Journal Vol 267 No 7158 p109-114
28 July 2001

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Boots ends its joint venture in Japan

The Boots Co Plc has terminated its Japanese health and beauty store joint venture with the Mitsubishi Corp. Four trial stores in Japan are to be closed.

Boots is now to pursue a less capital intensive approach based on a more Boots brand focused offer in smaller stores. The experiment has cost Boots £25m.

Last year Boots closed its stores in the Netherlands and opted to distribute its products though an existing chain of drug stores.

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