BUSINESS CLASSIFICATION
Introduction:
The Boots Company is a business found in the Private Sector of which it is a company. Businesses in the Private Sector are not owned by the Government, but by a private owner. Within the private sector, there are two main types of company, which are similar, but in many ways obviously different. Boots is a Public Limited Company (PLC), and not a Private Limited Company (Ltd).
Being a PLC enables The Boots Company to quote shares on the Stock Exchange, hence these shares are available to be purchased by the public, bankers, prospective investors and competitors, therefore establishing the shareholders as the company owners. This is seen as beneficial to the company, as it allows capital to be easily raised in comparison to Ltd companies (i.e. a business without shares being available to the public), and so the main difference between a PLC and an Ltd is the source of financial support.
Boot Rock from distance
English: Headshot of singer Little Boots as provid...
English: The Boots Company, Beeston One of the gat...History of Boots
The history of The Boots Company PLC began in 1849, when a man called
John Boot opened an herbalist shop in Goose Gate, Nottingham as a sole trader. In 1871, the company was called M & J Boot, herbalists, as it was a family run business. In 1877, John Boot's son Jesse took over the company. The name changed yet again in 1883, to Boot and Company Ltd, and again in 1888 to Boots Pure Drug Company Ltd. Throughout the late 19th and early 20 centuries, new product ranges were launched, such as No 7 cosmetics in 1935. In 1971, the company became The Boots Company Ltd, and due to a good public reaction, and large profits, the company became The Boots Company PLC in 1982. Since then, many other sections have formed within the main company, such as Hal...