Belfast Telegraph

Alliance Boots sets sights on expansion in China

High street giant Alliance Boots is reportedly setting its sights on China to take advantage of the country's burgeoning medicines market.

Boots is looking to secure takeovers of wholesale drugs companies and is also considering buying a number of Chinese retail chains to kick-start its growth plans in the region. Boots already has a presence in China through its joint venture with Guangzhou Pharmaceuticals Corporation. Boots last week reported a 6% rise in revenues to £8.9bn in the six months to September 30.