Boots
This coverage focuses on Boots’ operations and strategy within the UK retail and pharmacy landscape. Reporting highlights store developments, financial performance, leadership changes, healthcare initiatives, and marketing campaigns. With analysis of how Boots balances retail and health services, the insights support managers and executives evaluating its market position and strategic direction.
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Jan- 2024 -5 JanuaryHigh Street
Boots Q1 driven by record-breaking Black Friday
Boots has revealed it delivered a strong performance in its first quarter of the year, ended 30 November 2023, as retail sales jumped 9.8% aided by a “record-breaking” Black Friday. The retailer, owned by Walgreens Boots Alliance, also revealed it secured its 11th consecutive quarter of market share growth, with…
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Dec- 2023 -18 DecemberNews
Today’s news in brief-18/12/23
Farfetch is reportedly in advanced talks with a private equity-backed buyer for a last-minute rescue deal. The deal, if successful, would involve taking Farfetch off the stock market in a take-private transaction and would result in the company receiving $500m (£394m) in emergency funding. Talks are ongoing, and while Farfetch…
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18 DecemberHealth & Beauty
Boots to launch AI ‘personal shopper’
Boots has plans to launch a ChatGPT ‘personal shopper’ tool for its website with the aim of boosting online sales, The Telegraph has reported. The news comes as the beauty and pharmacy retailer is reportedly testing an AI chatbot, which will be able to make recommendations for lipsticks and beauty…
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13 DecemberNews
Today’s news in brief-13/12/23
Walgreens Boots Alliance (WBA), the US-based parent company of Boots, is reportedly exploring an initial public offering (IPO) on the London Stock Exchange, reviving plans to divest the pharmacy chain. Walgreens had abandoned a £5bn sale of Boots last year, citing challenges in global financial markets. The potential IPO is…
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13 DecemberHealth & Beauty
Boots owner eyes London IPO amid revived disposal plans
Boots’ US-based parent company, Walgreens Boots Alliance, is reportedly eyeing an initial public offering (IPO) on the London Stock Exchange as the group revives plans to offload the pharmacy chain, according to Bloomberg. The news comes after WBA abandoned Boots’ £5bn sale and its No7 beauty brand last year, having…
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6 DecemberNews
Today’s news in brief-6/12/23
Farfetch is reportedly contemplating the sale of fashion retailer Browns as part of efforts to secure the company’s future amid a funding crisis. Founder José Neves is in talks with shareholders and JP Morgan about potentially delisting the business. The company is also in discussions with Richemont for additional funding.…
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6 DecemberNews
Part of Lakeside to be demolished for £200m redevelopment
Part of Lakeside shopping centre in Essex will be demolished to make space for a £200m warehouse and distribution centre, BBC News has reported. Several stores including Boots, M&S, Asda Home and Burger King will be affected by the plan and will be relocated elsewhere on the site in Thurrock.…
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4 DecemberNews
Majestic bolsters property team with two new roles
Majestic, the specialist wine retailer, has made two key appointments in its property team as the business gears up to accelerate its “ambitious” store opening plans. The retailer has created two new roles – director of estates and acquisitions, and director of format development and new store operations – as…
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Nov- 2023 -24 NovemberHealth & Beauty
Boots secures £4.8bn full buy-in with Legal and General for pension scheme
Boots has announced that Legal and General Group has agreed a £4.8bn full buy-in with the Boots Pension Scheme. According to the deal, liabilities for its pension scheme will be switched to the insurance firm. The buy-in secures the benefits of all 53,000 retirees and deferred members of the scheme,…
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20 NovemberNews
Today’s news in brief-20/11/23
Van hire firm Redde Northgate has reportedly approached Halfords with a proposed £1.3bn merger deal, indicating a nil-premium merger. Talks between the two companies took place, but Halfords reportedly deemed the offer as significantly undervaluing the business. Halfords, boasting nearly 400 stores and 650 garages, is valued at £512m, while…
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