Boots advantage card helps sales soar as shoppers sign up to bag beauty bargains March 28, 2023 Boots has reported a surge in sales as the high street chemist benefited from savvy shoppers keen to rack up points on its advantage card loyalty scheme. In the three months to 28 February 2023, the retailer’s sales increased 16 per cent as customers shrugged off the cost-of-living crisis to splash out on skincare and [...]
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 [...]
Former Boots exec in talks to join oligarch linked investment fund LetterOne September 26, 2022 A former executive at the firm that owns Boots is in talks to join the board of Russian oligarch Mikhail Fridman’s Luxembourg headquartered investment vehicle LetterOne. Former Walgreen Boots Alliance co-COO Alex Gourlay is in advanced talks to become a non-executive director at LetterOne after stepping down from the pharmacy owner earlier this year, [...]
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’ owner ditches plans for £5bn sale of chemist as market conditions ‘beyond our control’ June 28, 2022 Boots’ US owner has confirmed it has given up on its ambitions to sell the UK chemist after a beleaguered sales process. Walgreens Boots Alliance (WBA) has opted to retain ownership of Boots, with the firm citing “unexpected and dramatic change” felt by the global financial markets in the past few months. A statement from [...]
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.
Buyout giants launch takeover bid for Boots January 11, 2022 Two buyout giants have teamed up to launch a multibillion pound takeover bid for high street chemist Boots, according to news reports. Bain Capital and CVC Capital Partners are reportedly putting together a joint bid for the 172-year-old chain after the firm was reported to be lined up for sale by owner Walgreens Boots Alliance [...]
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 [...]
‘Lots of interest’: Boots chief quashes claims £7bn sale stalling April 22, 2022 The head of UK chemist Boots has pushed back against concerns that a desired £7bn sale is facing subdued demand. Walgreens Boots Alliance, the US firm behind Boots, has been eyeing a sale of the chemist, with hopes of a £7bn price tag. However, there have been reports that potential suitors placed a lower price [...]
2,200 branches: Owner of Boots plotting £10bn sale of 172-year old pharmacy chain December 4, 2021 The parent company of Boots is reportedly considering putting the pharmacy chain on the market next year, according to news reports this morning. US retail giant Walgreens Boots Alliance (WBA) is lining up advisers from Goldman Sachs to explore a potential sale of the pharmacy, Sky News wrote. City A.M. understands that a potential valuation [...]