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Boots to Launch in South Korea

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By: Jamie Matusow

Editor-in-Chief

Walgreens Boots Alliance, Inc. has signed an agreement to form a franchise partnership with Emart Company Ltd (a member of Shinsegae Group), South Korea’s No. 1 hypermarket retailer. Together, they will create a Boots branded pharmacy-led, health and beauty retail franchise in South Korea.

Under the terms of the agreement, Boots branded stores will open in shopping malls, on high streets and within the outbound areas of Shinsegae department stores and Emart hypermarkets. The Boots stores will each feature an independent pharmacy and a range of Boots owned products and “exclusive to Boots” brands as well as leading Korean brands.

The first stores are expected to open in the first half of calendar year 2017, and will include Boots’ exclusive No7 and Soap & Glory products.

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