Boots sales surpass pre-Covid levels as city centres spring back to life October 13, 2022 Boots’ retail sales have exceeded pre-Covid levels for the fourth quarter, thanks to rebounding footfall in city centres. Retail sales were up 15.2 per cent on a like-for-like basis, with stores near transport hubs seeing a particular resurgence. Warm weather and a return of travel abroad also buoyed sales, with store transactions up more than [...]
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.
These shoes were made for walking: How to beat the heat in style July 7, 2022 Even veterans of English weather can now agree that it is summertime. The living may not be as easy as we would like, nor the cotton high, but it is time for gentlemen to pay some mind to the climate and, little by little, dress appropriately. But too many men think too little about shoes. [...]
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, [...]
Westminster committee sticks the boot into Ofgem as households suffer record energy bills July 26, 2022 MPs have raised doubts over Ofgem’s ability to clean up the energy market, following mass carnage which saw over 30 suppliers collapse.
Boots to freeze prices on own label essential beauty and health products June 8, 2022 High street chemist Boots has said it will freeze prices on more than 1,500 beauty and health products as consumers face a cost of living crunch this year. The company said it would lock prices on popular essential items until the end of the year. Items under the Boots own label lines will see price [...]
Bacon in Muslim officer’s shoes and rape kits in fridges: Five shocking takeaways about the Met from the Casey Review March 21, 2023 London’s Met Police force has been found to be “institutionally racist, misogynistic and homophobic” by a blistering landmark review. Crossbench peer Baroness Louise Casey was commissioned to look into culture and standards at the Met after the murder of Sarah Everard by serving cop Wayne Couzens. Her review – which has been branded “damning” by [...]
Mark Kleinman’s Column: Walgreens needs different prescription for future of Boots June 1, 2022 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 [...]
Russian miners to get the boot from FTSE 100 March 1, 2022 Russian miners are set to be booted from London’s top index tomorrow as a rapid investor sell off since Moscow invaded Ukraine has sent their shares spiralling. Evraz, which has operations in Russia and Ukraine, has had more than 80 per cent shaved off its share price since the start of the year, with around [...]
Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.