Etos will accept all existing employment contracts unconditionally. ‘While we are winding down our retail activities in The Netherlands, we are opening up the market place further by enabling many more customers to be able to purchase popular Boots private label products at over 400 Etos stores throughout the country.’Įffective November 6, Etos will officially absorb the 400 staff previously employed by Boots stores in The Netherlands. The private label items blend perfectly with our broad range and innovative strategy launched this year, giving us an important differentiator in the highly competitive Dutch market.’ Our customers will now be able to find Boots products in Etos stores. The UK-based chain is well known for its excellent private label products that generate approximately 40% of its British sales. It provides Etos with additional knowledge in the health & beauty market and extends our product line through the quality goods we gain from Boots. ‘I’m very enthusiastic about this transaction. The Ahold subsidiary has more than 420 stores in The Netherlands with annual sales of around Euro 400 million. Most Boots stores will be remodeled into the Etos format by end 2000. The transaction will substantially strengthen the market position of Etos. The stores can be found in attractive locations in several Dutch cities, including Amsterdam. Boots has annual sales in The Netherlands of around Euro 18 million. Effective November 6, the Ahold subsidiary will also stock selected Boots private label products.

Zaandam, The Netherlands, Aug– Royal Ahold, the international food provider, today announced that Etos, its Dutch health & beauty care store chain, has reached agreement to acquire the 17 Dutch outlets of British drugstore chain Boots.

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