Alliance Boots sees rapid overseas wholesale growth
The company that owns the high street pharmacist Boots said it made just over £1bn pounds during the past 12 months.
Its pharmaceuticals wholesale division - which operates mainly in Europe - saw local currency revenues rise 26%.
The result helped the firm achieve overall revenue growth of 15%, despite like-for-like sales at its UK high street outlets rising only 1.2%.
Tim Danaher from Retail Week told the BBC said high street stores faces stiff competition from supermarkets.
16 May 2011
- From the section Business