Mirror Money: Strike It Rich.
TYCOON Terence Conran surprised the world when he switched from running shops to restaurants.
It is sometimes worthwhile for companies to do the same. Boots the chemists is looking for such a change of direction.
Best known for its High Street chemist shops, it also owns Halfords, the cycles to car parts chain, and a successful international healthcare business.
But with competition never so fierce, the bosses are looking elsewhere for growth opportunities.
It is building up its "wellbeing" businesses which now take in dentistry, eye care, beauty treatment and massage.
But its greatest growth opportunities lie in the international healthcare division which sells Boots' own-brand health and beauty products.
Its latest results revealed that this is the fastest-growing part of the Boots empire. Yearly profits are running at pounds 581million and look set to grow.
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|Publication:||The Mirror (London, England)|
|Date:||Jul 4, 2001|
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