UK-based leading health and beauty retailer, Boots, has given up its standalone status for the first time in over 156 years of existence, with plans to merge with Alliance UniChem, the third largest pharmacy network in Europe. The merger plan, announced on October 6, will form a new entity called Alliance Boots PLC, which would be a pan-European drugs retailer and distributor.
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Source: IIPM Editorial, 2006
