Boots faces up to competition

Professional Adviser
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Boots has performed well in a tough trading environment, with stock prices holding up, according to ...

Boots has performed well in a tough trading environment, with stock prices holding up, according to David Soutar, fund manager for Solus' UK Growth and Equity Income funds. The high street chemist has been facing stiff competition from the likes of Superdrug but confidence in the company's long-term diversification strategy has kept prices buoyant, he said. 'The market has responded well to plans to launch a spin-off chain called Pure Beauty, which will focus on the higher margin businesses of cosmetics and toiletries,' added Soutar. The recent announcement that Boots will sell pharmac...

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