PJ Online | News: Boots to sell Halfords
The Pharmaceutical Journal
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.
Citation: The Pharmaceutical Journal URI: 20006612
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