Boots (company): Difference between revisions

Boots was established in 1849, by [[John Boot]].<ref>{{Cite web|url=https://www.nottinghampost.com/news/business/take-sneak-peek-inside-boots-2549470|title=Inside the Boots archives which reveals the company's incredible history|first=Matthew|last=Bunn|date=17 February 2019|website=nottinghampost}}</ref> After his father's death in 1860, [[Jesse Boot]], aged 10, helped his mother run the family's herbal medicine shop in [[Nottingham]],<ref>Viceira, L. M., & Mitusui, A. M. (2003) Pension Policy at The Boots Company PLC, Harvard Business Review, Havard Business School, 27 August 2003</ref> which was incorporated as Boot and Co. Ltd in 1883, becoming Boots Pure Drug Company Ltd in 1888. In 1920, [[Jesse Boot, 1st Baron Trent|Jesse Boot]] sold the company to the American [[United Drug Company]].<ref name=history>{{cite web|url=http://www.bootslearningstore.com/about/history.php |title=Boots Learning Store |publisher=Boots Learning Store |date=4 December 1999}}</ref> However, because of [[Great Depression in the United States|deteriorating economic circumstances]] in North America Boots was sold back into British hands in 1933.<ref name=history/> The grandson of the founder, [[John Boot, 2nd Baron Trent|John Boot]], who inherited the title [[Baron Trent]] from his father, headed the company.<ref>'Interwar retail internationalization: Boots under American ownership', ''[[The International Review of Retail Distribution and Consumer Research]]'', 7(2), 1997</ref> The Boots Pure Drug Company name was changed to The Boots Company Limited in 1971.{{cn}}