The Pharmaceutical Journal
Vol 268 No 7195 p557-561
27 April 2002

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Boots (www.boots-plc.com)

Boots to sell Halfords

The Boots Co Plc is to demerge Halfords, its car parts and cycle retailing subsidiary.

The sale of Halfords, which made profits of £37m on a turnover of £509m last year, will mean that Boots has disposed of all of the former parts of the Ward White conglomerate acquired at a cost of £900m in 1989. While Boots is expected to raise around £430m from Halfords, other the parts were sold at a loss.