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What Indian Family / Corporation Owns About 200 Pharmacies in Queens Ny

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Britain-based concatenation of pharmacy shops

Boots
Formerly Boots the Chemists
Boots Pure Drug Company
Boots Greenbacks Chemists
Type Subsidiary
Industry Pharmaceuticals
Healthcare
Dazzler
Photography
Founded 1849
Founder John Boot
Headquarters Beeston, Nottinghamshire, England, United Kingdom

Surface area served
  • United Kingdom
  • Thailand
  • Kingdom of norway
  • Republic of ireland
  • Netherlands
  • Italy

Key people

 Sebastian James, President and Managing director, Boots United kingdom and ROI (since September 2018)
Brands No7, natural collection and Lather and Glory – Skincare
Soltan – Lord's day cream

Number of employees

 56,000 (UK)
one,900 (Ireland)
Parent Walgreens Boots Brotherhood
Subsidiaries Boots Opticians
Website world wide web.boots.com Edit this at Wikidata

Boots UK Limited [i] (formerly Boots the Chemists),[2] trading as Boots, is a British health and beauty retailer and chemist's shop chain in the United Kingdom and other countries and territories including Republic of ireland, Italy, Norway, the Netherlands, Thailand and Indonesia.

The parent company,[3] The Boots Company plc, merged with Alliance UniChem in 2006 to form Brotherhood Boots.[4] In 2007, Alliance Boots was bought by Kohlberg Kravis Roberts and Stefano Pessina, taking the company private, and moving its headquarters to Switzerland, making it the first-ever FTSE 100 company to exist bought past a private equity firm.[five] In 2012, Walgreens bought a 45% stake in Brotherhood Boots, with the option to buy the residual within 3 years. Information technology exercised this option in 2014, and every bit a result Boots became a subsidiary of the new company, Walgreens Boots Alliance, on 31 December 2014.[six]

Boots is one of the largest retailers in the Britain and Ireland, both in terms of acquirement and the number of shops. It has 2,500 shops across the United kingdom of great britain and northern ireland and Republic of ireland ranging from local pharmacies to large health and beauty shops.[7] Its shops are primarily located on the high streets and in shopping centres. It sells many wellness and beauty products, and also provides optician and hearing care services inside shops and equally standalone practices. Boots likewise operates a retail website and a loyalty card programme called the Boots Advantage Menu.[eight]

History [edit]

1849 to 2000 [edit]

An advertisement for Boots from 1911

Boots was established in 1849, by John Kick.[9] After his father's death in 1860, Jesse Boot, aged 10, helped his mother run the family'south herbal medicine shop in Nottingham,[10] which was incorporated equally Boot and Co. Ltd in 1883, becoming Boots Pure Drug Company Ltd in 1888. In 1920, Jesse Boot sold the company to the American United Drug Visitor.[xi] However, because of deteriorating economic circumstances in North America Boots was sold dorsum into British hands in 1933.[11] The grandson of the founder, John Kick, who inherited the title Baron Trent from his father, headed the company.[12] The Boots Pure Drug Company name was changed to The Boots Visitor Limited in 1971.

Betwixt 1898 and 1966, many branches of Boots incorporated a lending library department, known as Boots Volume-Lovers' Library.

Former oval version of the logo, introduced in the 1960s

Boots diversified into the research and manufacturing of drugs with its development of the Ibuprofen painkiller during the 1960s, invented by John Nicholson and Stewart Adams.[thirteen] The company was awarded the Queen's Accolade For Technical Achievement for this in 1987. A major enquiry focus of Boots in the 1980s was the drug for congestive heart failure, Manoplax.[14] The withdrawal from market of Manoplax due to safety concerns in 1993 caused major pressure from investors, and in 1994, Boots divested its prescription drugs division, which had become no longer viable, to BASF.[fifteen] [16] In 2006, it sold the Nurofen brand to Reckitt Benckiser.[17] The 2006 sale of Boots Healthcare International included everything made by Crookes Healthcare, based on the Nottingham site.

In 1968, Boots caused the 622-stiff Timothy Whites and Taylors Ltd concatenation.[11] Boots expanded into Canada by purchasing the Tamblyn Drugs chain circa 1978. Virtually Canadian Boots shops were converted to Pharma Plus in 1989 later sale to Oshawa Group, although a handful of locations remained as late as 1993, if non later.[ citation needed ] Boots products briefly surfaced in Canada when it was sold at the short-lived Target foray into Canada. In 1982, the company opened a new manufacturing plant in Cramlington, Northumberland.[11] In the early 1990s, Boots began to diversify and bought Halfords, the bicycle and car parts business organization in 1991.[18] Information technology also developed the Children's World business of larger out of boondocks superstores in the 1980s, simply sold this chain to Mothercare in 1996.[19] Halfords was sold in 2002.[20]

Boots Opticians Ltd was formed in 1987 with the conquering of Cloudless Clarke Ltd and Curry and Paxton Ltd. Boots Opticians became the United kingdom of great britain and northern ireland's second-largest retail optics chain. In 2009 Boots Opticians acquired Dollond & Aitchison, an optician chain that was founded in 1750.

Boots diversified into dentistry in 1998, with a number of shops offering this service.[21] Boots sold the Do-It-All DIY chain to Focus DIY in 1998.[22] Boots as well made a venture into "Wellbeing" services offering customers treatments ranging from facials, homoeopathy, and nutritional advice to light amplification by stimulated emission of radiation eye surgery and Botox simply these services were abandoned in 2003, despite a launch that included a dedicated Freeview and Heaven Television set channel of the aforementioned name, and even redirecting web traffic from boots.com to wellbeing.com[23]

2000 to nowadays [edit]

In late 2004, Boots sold its laser eye surgery business concern to Optical Express.[24]

In October 2005, a merger with Alliance UniChem was appear by the then chairman, Sir Nigel Rudd. The CEO Richard Baker left, and the new group became Alliance Boots plc. The merger became constructive on 31 July 2006.[25]

Alliance Boots was purchased past Kohlberg Kravis Roberts and Stefano Pessina, the deputy chairman of the visitor, in April 2007 for £11.ane billion, taking the company private and beating a rival bid from Guy Hands' Terra Firma Capital Partners.[26] This was the first e'er instance of a FTSE 100 company having been bought by a private equity house.[5] In June 2008, the grouping headquarters were moved to Zug, Switzerland. Co-ordinate to John Ralfe, Boots' sometime head of corporate finance, "the UK has lost about £100m a year in tax as result".[27]

'Boots the Chemists Limited' was re-registered under the name 'Boots Uk Limited' on one October 2007.[28] Management of all staff was moved to Boots Management Services Limited on i July 2010.[29]

In June 2012, information technology was appear that Walgreens, the United States' largest pharmacist chain, would buy a 45% pale in Brotherhood Boots for US$6.seven billion. The deal was said to be a long-term plan to give maximum exposure to both brands, Boots more than so in the US and, Walgreens more so in the Britain and in China through Boots' presence in that market place. The deal gave the option to consummate a total merger of the organisations inside three years costing an extra $ix.5bn.[30] Walgreens confirmed on 6 Baronial 2014 that it would purchase the remaining 55% and merge with Alliance Boots to course a new property visitor, Walgreens Boots Alliance Inc.[31] Walgreens and Boots both become subsidiaries of the new company on 31 December 2014.

In April 2019, Boots appear it would sponsor the England, Scotland, Wales, Northern Republic of ireland and Republic of Republic of ireland women's football teams in a multi-million pound/euro deal. The deal will last three years and cover the 2019 FIFA Women's World Cup and the UEFA Women's Euro 2021 competitions.[32]

In May 2019, Boots announced that information technology was endmost 200+ underperforming shops.[33] [34]

Profits for 2019 were £167 meg, 47.iii% less than in 2018. The visitor blamed "lower volume and lower revenue item growth and continuing U.k. authorities reimbursement force per unit area".[35]

In July 2020, the group announced that it would exist cutting iv,000 jobs and shutting 48 optician stores in the U.k..[36]

Since September 2018, Sebastian James has been a senior vice president of Walgreens Boots Alliance, and president and managing director of Boots.

In Nov 2020, Boots Ireland appointed Stephen Watkins as managing director for Ireland succeeding Bernadette Lavery who has been appointed director of pharmacy with Boots U.k.. [37]

Products and services [edit]

Boots sell the post-obit products and services:

  • Prescription medicines sold via their pharmacies
  • Retail (non-prescription) medicines
  • Broad range of health and beauty products including related electrical products (hairdryers, shavers, electric toothbrushes)
  • Photography - Boots is an established provider of photography services.[38] Traditionally the shops offered photographic processing services, but with the shift from moving-picture show to digital photography, the shops now include kiosk printing services.
  • Clothing - infant and toddler ranges and motherhood wearable
  • Food and drink (branded every bit Boots Delicious) - most branches sell lunchtime food and beverage products which are available as role of a "Meal Deal" promotion.[39]
  • Opticians
  • Hearing intendance

Stores [edit]

As of 31 August 2019, there were a total of 3,063 Boots stores across half-dozen countries:[40]

  • United Kingdom: 2,465
  • Thailand: 293
  • Norway: 159
  • Republic of Republic of ireland: 89
  • Netherlands: 59
  • Malta: iii
  • Indonesia: 3

The Alshaya Group, a franchise operator based in State of kuwait, operates a number of Boots-branded stores throughout the Middle East, including in Bahrain, State of kuwait, Oman, Qatar, Saudi arabia and the United Arab Emirates.[41]

Charity work [edit]

The company funds the Boots Charitable Trust, which is an contained registered charity in the UK, administrated by Nottinghamshire Community Foundation. The trust was established in the early on 1970s to fund registered charities benefiting people who live in Nottinghamshire.[42]

Additionally, the company supports BBC Children in Need,[43] Macmillan Cancer Support,[44] Supporting "WE Feel Good" [45] The Prince'south Trust,[46] the Boots Orchestra in Nottingham,[47] [48] [49] [50] [51] and the Boots Benevolent Fund.[52]

The Boots Estate [edit]

The Boots Estate, near the Nottingham suburb of Beeston, features a range of listed buildings. This includes the ii principal manufacturing plant buildings, D6 and D10, designed by Sir Owen Williams and built in 1932 and 1935–38 respectively. Both are Class I listed.[53] [54] The former burn down station of 1938, D34, is also by Williams[55] and is Grade II listed.[56] The headquarters office building known equally D90 is Grade Ii* and was built to designs by Skidmore, Owings & Merrill in 1966–68.[57]

Staff have a restaurant, java and snack shops, newsagent, a co-operative of Boots the Chemist, an opticians branch and cash indicate situated within landscaped grounds. The grounds include the Millennium Garden, which features a herb garden (with some plants that Jesse used in his original herbal remedies) in the shape of a goose pes – harking back to Jesse'due south original shop on Goose Gate, Nottingham.

The Boots Museum is now closed; all the same, historical items are in storage or on brandish in the reception area of the D90 edifice.

Controversies [edit]

Sale of homeopathic products [edit]

In 2009 Boots Superintendent Pharmacist Paul Bennett was interviewed by the House of Commons Scientific discipline and Technology Commission nearly the visitor'south sale of homeopathic medicines. He told the committee that the company had no evidence to suggest that homeopathic medicines are efficacious but Boots sold them anyway, for reasons of "consumer selection".[58] The comments attracted significant media attention. [59] [60] [61]

In 2010, protesters staged a mass homeopathy 'overdose' outside Boots shops.[62] [63]

Charging the NHS for carrying out unnecessary medicine reviews [edit]

In Apr 2016, the Pharmacists' Defence Clan stated that visitor managers were exploiting the NHS by insisting that each outlet carry out medicine employ reviews, even if patients didn't need them. The NHS pays £28 per review up to a maximum of 400 per shop per year.[64] The Guardian said that the General Pharmaceutical Quango was poised to investigate.[65]

2016 reports of workplace pressure [edit]

At the same time as the article about medicine reviews, The Guardian published a longer report on the aforementioned day called 'How Boots went Rogue', which told the story from the eyes of a Boots pharmacist talking about working weather condition at the company. It also covered the buyout of the company and the owners' financial approach.[66] Four days later on it published an articles with emails from pharmacists. Pharmacists had written about how "the chain allegedly compels staff to compromise ethics for targets". The article said "The letters editor believes this may be the largest booty of mail he has always received about a single article. Others rang in."[67] At that place were two further follow-up articles in the days following.[68] [69] The newspaper subsequently noted a letter purporting to be from an "contained pharmacist" criticising its stance on the upshot which information technology identified as having been edited and amended by i of the business firm's vice-presidents. The letter was emailed every bit a Word certificate and contained tracked changes.[lxx]

Following the Guardian reports, Boots announced the departure of UK operations director, Simon Roberts, in June 2016.[71] [72]

BBC documentary and press coverage in 2018 [edit]

On 8 Jan 2018, the BBC showed a documentary chosen "Boots: Pharmacists under Pressure?" near the deaths of three patients following dispensing errors. It also featured accounts from three whistleblowers, who declared that there were staffing issues at the visitor. One of the whistleblowers, who had formerly worked in a patient safety office, stated that Boots had calculated that in excess of £100m additional investment in staffing was required each year in its pharmacies and to meet the company's expectations of its staff.[73] The BBC as well published two articles on the same mean solar day.[74] [75] [76]

A dissever article about three weeks subsequently told the story of a patient who was given the wrong medicine in December 2017 by a "frazzled" pharmacist. The patient said there was conspicuously a staffing issue.[77]

Boots had told the BBC documentary makers that there had been no further patient deaths associated with dispensing errors since 2015. However, in July 2018, it was reported that an error had occurred in 2016 in which ii lots of the aforementioned medicines were dispensed and supplied to the same patient, Richard Lee, who later died. The error was found at a coroner'south inquest to have contributed to his death.[78] [79]

Supply of the "forenoon later on pill" [edit]

In July 2017, the British Pregnancy Informational Service (BPAS) revealed that Boots was selling emergency contraceptive medication at four times the cost price and had refused requests to bring together rival pharmacy retail chains, including Superdrug and Tesco, which had agreed to cease profiting financially in this way.[80] In a written response to BPAS, Boots revealed that they were frequently contacted past individuals who disapproved of the dispensing of such medication, which might be viewed every bit "incentivising inappropriate employ",[81] [82] an assertion which campaigners described as "insulting and sexist".[83] BPAS called on the public to cold-shoulder the visitor and electronic mail them requesting that they reverse the policy. Following the cold-shoulder'south launch, lawyers representing Boots alleged that the online complaint form created by BPAS had resulted in a "torrent of abuse" to five of Boots' senior managers and that BPAS had facilitated and tacitly encouraged harassment by naming private staff members on the class. In response, BPAS stated that Boots had "failed to provide any show of corruption sent through the campaign".[84] In Nov 2017, more than than 130 Labour politicians signed a letter criticising Boots' failure to fulfil its promise to stock a low-cost alternative in its shops past Oct.[85] At the terminate of January 2018, Boots confirmed that it was at present offering the cheaper medication in all of its pharmacies.[86]

Throughout the media coverage, a May–July 2017 pricelist from its wholesaler and sis visitor Brotherhood Healthcare stated that the "Normal Retail Price inc. VAT" of Levonelle One Pace was £12.72.[87]

Chemist suicide [edit]

On 25 October 2017, a debate was held in the Business firm of Commons about pharmacists' mental wellness and the support that employers give to employees. Much of the discussion concerned the suicide of a Boots chemist, Alison Stamps, in May 2015, and Boots' response was criticised. Role of a letter of the alphabet from Alison Stamps' parents was read out by MP Kevan Jones, which said: "Information technology is clear that Alison was a victim of corporate greed and collateral harm by an uncaring company intent only on its own calendar."[88]

Overcharging the NHS for products [edit]

In February 2018, Boots was criticised for charging excessive prices for depression-value products supplied to the NHS: in one case, information technology was establish that the pharmacy was billing in backlog of £i,500 for a moisturiser which normally retailed at less than £2.[89] In May 2018, a further investigation past The Times found that on at least v occasions betwixt 2013 and 2017, Boots had charged over £3,200 for a medicinal mouthwash used to care for mouth ulcers in chemotherapy patients, in comparison to an independent supplier which had charged the equivalent of £93 for the aforementioned product. The investigation found that Boots had ordered the production from Alliance Healthcare, a supplier endemic by Boots' parent company. In response, a spokesman for Walgreens Boots Alliance rejected accusations of overcharging the NHS and claimed that the bespoke nature of the orders, often requested at brusque discover, results in the high cost.[90] [91]

Farther reading [edit]

  • Roberts, Cecil (1966) Achievement: a tape of fifty years' progress of Boots Pure Drug Company Ltd London: Boots Pure Drug Visitor Ltd

See also [edit]

  • Pharmaceutical industry in the United Kingdom

References [edit]

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  2. ^ "Boots U.k. Limited". Companies House. Retrieved 10 June 2018.
  3. ^ Memorandum and Articles of Association [ dead link ] Reprint with all electric current amendments as at 26 July 2001
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  44. ^ "The Boots company and Macmillan Cancer Support". Publisher: Macmillan Cancer Support. Retrieved thirteen February 2019.
  45. ^ "WE.org (scroll down to come across the 4th programme partner)". Publisher: WE.org. Retrieved 13 February 2019.
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  76. ^ "Boots: Pharmacists under Pressure? Within Out subtitles". Subsaga. 8 Jan 2018.
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  81. ^ Bates, Laura (twenty July 2017). "Boots is charging women loftier rates for the morning after pill because they think we might employ it 'inappropriately' if it's cheap". The Independent.
  82. ^ "Boots faces forenoon-after pill cost row". BBC News. 21 July 2017.
  83. ^ Slawson, Nicola (20 July 2017). "Boots faces cold-shoulder over refusal to lower toll of morning-later on pill". The Guardian.
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  89. ^ Morgan-Bentley, Paul (ii February 2018). "NHS forced to pay £1,500 for £2 pot of moisturiser". The Times. (subscription required)
  90. ^ Morgan-Bentley, Paul; Kenber, Billy (25 May 2018). "Boots faces enquiry over cancer drug price hike". The Times. (subscription required)
  91. ^ "Boots possessor denies overcharging NHS for cancer mouthwash". BBC News. 25 May 2018.

External links [edit]

  • Official website Edit this at Wikidata
  • Documents and clippings nigh Boots in the 20th Century Press Archives of the ZBW

crumpunise1952.blogspot.com

Source: https://en.wikipedia.org/wiki/Boots_%28company%29

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