Boots (company): Difference between revisions

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[[File:Boots UK (logo).svg|thumb|Logo used from the mid-1960s to 2019]]
Boots diversified into the research and manufacturing of [[medication|drugs]] with its development of the [[Ibuprofen]] [[analgesic|painkiller]] during the 1960s, invented by John Nicholson and [[Stewart Adams (chemist)|Stewart Adams]].<ref>{{Cite web|last=Kindy|first=David|title=The Inventor of Ibuprofen Tested the Drug on His Own Hangover|url=https://www.smithsonianmag.com/innovation/inventor-ibuprofen-tested-drug-his-own-hangover-180975088/|access-date=3 July 2021|website=Smithsonian Magazine|language=en|quote=Stewart Adams and his associate John Nicholson invented a pharmaceutical drug known as 2-(4-isobutylphenyl) propionic acid.}}</ref> The company was awarded the [[Queen's Awards for Enterprise|Queen's Award For Technical Achievement]] for this in 1987. A major research focus of Boots in the 1980s, was the drug for congestive heart failure, [[Flosequinan|Manoplax]].<ref>{{Cite web|url=https://www.independent.co.uk/news/business/manoplax-from-heart-to-heartbreak-with-millions-lost-on-its-wonder-drug-patrick-hosking-asks-whether-1487095.html|title=Manoplax: from heart to heartbreak: With millions lost on its 'wonder|website=The Independent|date=25 July 1993|language=en-GB|access-date=13 April 2016}}</ref> 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]].<ref>{{cite web|url=http://findarticles.com/p/articles/mi_hb3007/is_/ai_n28649801 |title=Boots is pacesetter for drug chains in the UK |publisher=Findarticles.com }}</ref><ref>{{Cite news|url=https://www.nytimes.com/1994/11/15/business/company-news-boots-pharmaceuticals-unit-to-go-to-basf-of-germany.html|title=COMPANY NEWS; Boots Pharmaceuticals Unit To Go to BASF of Germany|date=15 November 1994|newspaper=The New York Times|issn=0362-4331|access-date=13 April 2016}}</ref> In 2006, it sold the [[Nurofen]] brand to [[Reckitt Benckiser]].<ref>[https://www.telegraph.co.uk/finance/2923472/Boots-sells-Nurofen-in-1.9bn-deal.html Boots sells Nurofen in £1.9bn deal] The Telegraph</ref> The 2006 sale of Boots Healthcare International included everything made by [[Crookes Healthcare]], based on the Nottingham site.{{cn}}
 
In 1968, Boots acquired the 622-strong [[Timothy Whites|Timothy Whites and Taylors Ltd]] chain.<ref name=history/> Boots expanded into Canada by purchasing the [[Tamblyn Drugs]] chain circa 1978. Most Canadian Boots shops were converted to [[Pharma Plus]] in 1989, after sale to [[Oshawa Group]], although a handful of locations remained as late as 1993, if not later.{{Citation needed|date=September 2012}} Boots products briefly surfaced in Canada when it was sold at the short-lived [[Target Canada|Target]] foray into Canada. In 1982, the company opened a new manufacturing plant in [[Cramlington]], Northumberland.<ref name=history/> In the early 1990s, Boots began to diversify and bought [[Halfords]], the bicycle and car parts business in 1991.<ref>[http://business.timesonline.co.uk/tol/business/columnists/article527856.ece And it's all thanks to a passion for a penny-farthing bicycle] ''The Times''</ref> The company offered numerous [[private label]] products, e.g., offering the PT400 typewriter, a [[badge engineering|rebadged]] [[Silver Seiko Ltd.#Silver Reed Silverette typewriter|Silverette]] model by [[Silver Seiko Ltd.]] of Japan. It also developed the [[Children's World (retailer)|Children's World]] business of larger out of town superstores in the 1980s, but sold this chain to [[Mothercare]] in 1996.<ref>[https://www.telegraph.co.uk/finance/2758468/Boots-in-childrenswear-pact-to-sell-Adams-range.html Boots in Childrenswear pact to sell Adams range] The Telegraph</ref> Halfords was sold in 2002.<ref>[https://www.theguardian.com/business/2002/jul/26/5 Boots sells Halfords] ''The Guardian''</ref>