Boots enjoys record sales as IPO rumours swirl January 4, 2024 Boots.com reported sales up 17.5 per cent, with November its biggest ever month, while overall it had an 11th straight quarter of market growth.
Boots owner to slash HQ jobs in cost-cutting push May 27, 2023 Walgreens Boots Alliance Inc WBA.O said on Friday it would slash its corporate staff by about 10%, as it streamlines operations and focuses on consumer-facing healthcare businesses. None of the 504 roles being cut are based at its stores, micro-fulfillment outlets or call centers, a company spokesperson told Reuters. Walgreens, one of the largest U.S. pharmacies, has [...]
Boots: High street favourite boasts another quarter of growth March 28, 2024 High street retailer Boots has reported another quarter of growth, helped by the demand of online and app sales.
Private equity firms readying bids for Boots after owner puts chain on sale for £7bn January 16, 2022 Private equity firms are readying to enter the auction for high street chemist Boots after its American owner Walgreens Boots Alliance put the chain on the market for £7bn.
Own-brand buys and No7 skincare boosts sales for Boots June 27, 2023 Boots has revealed a surge in online shoppers and people opting for own-brand labels has driven up sales over the latest quarter. The pharmacy and retail chain said its own ranges have been flying off the shelves as consumers hunt down value. It came as its US owner, Walgreens Boots Alliance (WBA), revealed its net [...]
Boots could return to London market after 16-year hiatus as US owner considers listing December 13, 2023 The American owner of Boots is reviving discussions on selling off the UK pharmacy chain, nearly 18 months after a sale process was shelved. According to Bloomberg, Walgreens Boots Alliance (WBA) has been holding talks about ways to separate the UK-based pharmacy Boots, in a deal that could be valued at about £7bn. Back in [...]
Apollo teams up with Mukesh Ambani in bid for Boots April 27, 2022 Buyout giant Apollo has teamed up with India’s second-richest man Mukesh Ambani to launch a bid for Boots, as the race to takeover the chain enters the final stretch.
Boots to shut 300 UK stores despite stronger sales June 28, 2023 Boots has said it will shut 300 of its stores across Britain over the next year. The historic retailer revealed the raft of closures despite posting stronger sales over the latest quarter. The move, which it said will impact stores in close proximity to other sites, will reduce its store estate from 2,200 to 1,900 [...]
British Airways and Boots hit by cyber attack with UK staff bank details stolen June 5, 2023 British Airways and retailer Boots said their staff were amongst those hit by a cyber attack on Zellis, a payroll provider used by hundreds of companies in the UK. British Airways, owned by IAG said it had notified affected employees and was providing them with support. “We have been informed that we are one of [...]
Boots’ sole suitor rallies lenders as takeover concerns linger on June 22, 2022 Boots’ sole bidder is relying on four major lenders to get its £5bn-plus takeover closer to the finishing line. As first reported by Mark Kleinman for Sky News, the consortium of Apollo Global Management and Reliance Industries are pinning their hopes on Royal Bank of Canada, Credit Suisse, Santander and Bank of America to finance [...]