Friday, 12 November 2010

Boots sees improved profits thanks to sales of anti-ageing creams.

The company said half-year figures for its health and beauty division has seen profits rise by 2% thanks to the Protect and Perfect creams.

Despite revenue for the company as a whole rising by 6% to £8.9bn, Boots has announced its plans to cut 900 non-store UK jobs in order to cut costs.

With plans to save £56m per year by 2013-14, Boots has announced the majority of cuts will take place in Nottingham, the headquarters of Alliance Boots in the United Kingdom.

Chief executive, Alex Gourlay said the move would allow the company to “have a stronger and more agile support infrastructure fit for the long-term future.”

http://www.plimsoll.co.uk/industry-report.aspx?Industry=beauty-products

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