Alliance Boots will enter the Indian retail market in the food, health and personal care (FHPC) format, with an obvious focus on the pharma segment.
Alliance Boots, a UK-BASED £14billion pharma, health and beauty retail major is planning to make its entry in the Indian retail market. The company has initiated talks with some prospective partners for its India venture, including a top healthcare chain. Though details are not known, sources say Alliance Boots will take the franchisee model but may also explore the joint venture route.
An Alliance Boots spokesperson said, “Alliance Boots has a global strategy and India is a very important market. However, it is not the company’s policy to comment on relationships or topics concerning acquisitions or alliance strategy before we have anything to formally announce.”
Recently, Alliance Boots made its foray in the Chinese pharmacy market with the acquisition of 50% stake in Guangzhou Pharmaceuticals Corporation (GP Corp), the third largest pharmaceutical wholesaler in China. Alliance Boots picked up the stake in GP Corp through its UK-based investment vehicle Alliance BMP, in which Alliance Boots has 80% stake and the remaining is owned by Beijing Med-Pharm, a pharmaceutical marketing and distribution company.
Alliance Boots operates in both wholesale and retail segment has a wholesale and distribution network serving over 1.25 lakh pharmacies, hospitals and health centres in 14 countries. In retail, Alliance Boots has a network of approximately 3,000 outlets in seven countries, of which over 2,700 have pharmacies. Alliance Boots employs around a lakh people worldwide.