Financial Times FT.com

Boots looks to follow Tesco’s bank lead

By Andrea Felsted and Elizabeth Rigby

Published: April 26 2009 23:37 | Last updated: April 26 2009 23:37

People in front of BootsBoots is taking a leaf out of Tesco’s book by considering a move into personal banking among a range of different services as it looks to transform itself from being a shopkeeper of shampoos and medicines to a broader business.

Stefano Pessina, executive chairman of the privately owned Alliance Boots, said that while financial services was not on his immediate “to do” list, he had discussed launching these sorts of products throughout his 2,600-strong chain of pharmacies and retail stores.

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