Walgreen to pay £1bn to offload Boots pension scheme BOOTS Walgreens is believed to be offloading the scheme in order to restart a sales process for the health and beauty retailer.
Revolution Beauty picks former Walgreens exec as new boss Revs Revolution Beauty has narrowed its losses and appointed a new boss as it tries to put behind it historic issues and a spat with top shareholder Boohoo.
Mark Kleinman’s Column: Walgreens needs different prescription for future of Boots As an octogenarian with a literary penchant and more than half a century in business behind him, Stefano Pessina will be as aware as anyone of “time’s winged chariot hurrying near”. But is his sense of the passing of time in danger of impairing the judgement of the notoriously dogged and astute Italian dealmaker? The [...]
Boots posts uplifted sales as owner Walgreens shelves plans for £5.5bn auction June 30, 2022 Boots has posted buoyant quarterly retail sales after its parent company abandoned plans to sell the chemist this week. In third quarter results, Walgreens Boots Alliance (WBA) stated profit was down on last year but had surpassed Wall Street expectations. The retail pharmacy giant posted adjusted earnings of $0.83bn or $0.96 per share for the [...]
Boots bidders mull pension scheme options as Walgreens looks to spin off chain February 25, 2022 Private equity firms readying bids for high street chemist Boots are grappling with how to deal with the firm’s major pension liabilities, according to reports.
Walgreens: Profit hit after sales dip at US pharmacies while Boots enjoys sales rebound March 31, 2022 Walgreens Boots Alliance has taken a dent to its quarterly profit while its UK drugstores have enjoyed a sales bounce back. Drugstore chain Walgreens Boots Alliance Inc WBA.O reported a 13.9 per cent drop in quarterly profit after a decline in sales at its AllianceRX Walgreens business. It said US pharmacy sales fell 3.3 per [...]
Walgreens faces losing billions on Boots sale as former suitors CVC and Bain suggest lower price tag April 11, 2022 The US pharmacy giant behind Boots could lose out on billions after the chemist was valued much lower than initially hoped. Walgreens has been eyeing a £7bn sale of the UK company, however a consortium involving private equity firms CVC and Bain withdrew from takeover talks in March. According to The Telegraph, the two former [...]
Boots US owner Walgreens takes out $5.3bn in dividends from UK arm as sales deadline looms May 15, 2022 Boots’ US owner has withdrawn over $5.3bn of dividends from its UK holding firms, even though it received hundreds of millions of pounds of government pandemic support cash. The high street chemist’s UK-based parent company, Superior Holdings, coughed up $4.1bn in dividends to Walgreens last year, in addition to paying out a $909.6m dividend the [...]
Boots owner Walgreens rises earnings forecast as US vaccine rollout boosts revenue July 1, 2021 Walgreens Boots Alliance, the owner of pharmacy chain Boots, has raised its 2021 earnings growth forecast after higher pharmacy sales and Covid-19 vaccine rollouts in the United States helped it beat third-quarter revenue expectations. Walgreens had been relying on gains from administering Covid-19 vaccines to tide over losses from low prescription volumes and a weak flu season [...]
Boots sales soar 11.7 per cent as stalwart weathers economic storm October 12, 2023 High street chemist Boots revealed an 11.7 per cent hike in sales on a year-on -year basis during the fourth quarter, as the firm was bolstered by demand for skin care products and luxury beauty items. The British-born company – which has long been under the ownership of US firm Walgreens – said that skincare [...]