Outlook: Seton Scholl
Tuesday 25 May 1999
STUART WALLIS should arm all his salesmen with the joke about the man who walks into a chemist's and asks for odour eaters, incontinence pants and hair lice shampoo before pausing to add: "Oh and give me a packet of three as well, I'm feeling lucky tonight."
After yesterday's pounds 1.4bn merger of Seton Scholl and London International Group, you will be able to buy all the above products from one supplier. Not all the 7,500 employees of the combined business are likely to see the joke.
At least five per cent of them will be surplus to requirements once the merger implementation teams get into full swing, and it could prove a lot more if the Seton chairman decides to follow the example of LIG and withdraw from UK manufacturing in favour of low-cost Far Eastern sites.
It is hard to think about veruca treatment, surgical harnesses and fruit- flavoured condoms without laughing, but there is no denying they are big business. Seton has only just finished consuming Scholl. After slipping LIG into its back pocket, it will have a international healthcare group with sales of pounds 650m a year.
Yesterday's announcement was accomanpanied by all the usual management speak about manufacturing synergies and leveraging of sales, and in their more excitable moments the Seton management dreams of cost savings worth pounds 25m a year.
On a sales base twenty times the size, that ought to be achievable, although there is no reason why a chemist should want to buy the latest corn plaster treatment simply because the latest Durex polyeurethane condom comes from the same supplier. Once the cost
Lincoln MP Karl McCartney 'denied all knowledge' of the Twitter activity
Detective novelist who wrote Death comes to Pemberley passed away peacefully at her home, aged 94
Sites using the popular Gigya comment platform were attacked by the Syrian Electronic Army (SEA)
- 1 Sean Abbott: Messages of support flood in for bowler following death of batsman Phil Hughes
- 2 Ridley Scott on Exodus, Gods and Kings casting: 'I'm not going to get it financed if my lead actor is Mohammad so-and-so from such-and-such'
- 3 Girl, 7, gets Tesco to remove 'stupid' sign suggesting superheroes are 'for boys'
- 4 This letter from a reader explains why women can’t play football
- 5 'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Black Friday 2014: Opening times for Asda, John Lewis, GAME, PC World and Argos
Miss Honduras Maria Jose Alvarado's stylist Luis Alfredo Garcia is found stabbed to death
Sean Abbott: Messages of support flood in for bowler following death of batsman Phil Hughes
Dr Lam Hoe Yeoh: Voyeur doctor jailed for eight years after using network of hidden cameras to film patients, colleagues and friends on the toilet
'You should come to my house and eat cheeses with me': 4-year-old sends adorable love letter to girl at school
Ukip says babies born to immigrants in the UK should be classed as migrants – which would include Nigel Farage’s own children
Rochester by-election: Ukip gains second MP as Tory defector Mark Reckless holds seat
'Beast of Bolsover' Dennis Skinner takes Ukip MP Mark Reckless to task moments after he is sworn in
The young are the new poor: Sharp increase in number of under-25s living in poverty, while over-65s are better off than ever
Tamir Rice: 12-year-old boy playing with fake gun dies after being shot by Ohio police
Rochester aftermath: Sacking of Emily Thornberry will make work of Labour MPs '10 times harder'
iJobs Money & Business
£30000 - £250000 per annum: Recruitment Genius: A global Rolling Spot FX, Comm...
£Attractive Package: Citifocus Ltd: Chartered accountant (ACA or CPA), must be...
£6000 - £60000 per annum + Bonus and Benefits: Ampersand Consulting LLP: UI De...
£18000 - £23000 per annum + Comission: SThree: SThree, International Recruitme...