Alliance Boots Announces Plan To Expand Presence In Asia

UK-based pharmacy and beauty retail chain Alliance Boots announced its expansion plans in Asia for the next five years. Prevented from acquiring more companies in UK and Europe by the European Union's anti-trust rules, the company has shifted its focus on the Asian market currently limited to Thailand, where the company recently opened its 200th store, and China, which recently revised its rule prohibiting foreign retailers from owning more than 30 stores to allow more foreign investment.