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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Dec- 2023 -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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20 NovemberHealth & Beauty
Walgreens to offload Boots pension scheme
Walgreens is set to pay £1bn to offload responsibility for Boots pension scheme, The Sunday Times has reported. It is believed that the move will be used to restart a sale process for the British beauty and pharmaceutical retailer. Walgreens Boots Alliance is said to be closing in on a…
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3 NovemberNews
Today’s news in brief-3/11/23
In October, footfall in the UK dropped by 5.7% year-on-year, with high streets experiencing a 4.6% decrease, compared to a -1.7% in September. Retail parks and shopping centres also saw declines of 4.3% and 7.3% respectively. England had the smallest drop at 5.3%, followed by Scotland at 1.4%, Wales at…
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3 NovemberNews
Walgreens Boots Alliance appoints chief information officer
Walgreens Boots Alliance (WBA) has appointed Neal Sample as its new executive vice president and chief information officer (CIO), effective immediately. Sample will report to Tim Wentworth, chief executive officer (CEO) of WBA, as a member of the executive committee and serve on the IT governance committee. He has been…
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Oct- 2023 -23 OctoberPeople Moves
Asda appoints new VP of marketing
Asda has appointed Adam Zavalis as its new vice president of marketing. Zavalis joins the supermarket in November and will report to Asda’s chief customer officer David Hills, who joined Asda in September as part of its executive leadership team. As VP marketing, Zavali will lead Asda’s marketing team and…
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13 OctoberNews
Today’s news in brief-13/10/23
The John Lewis Partnership has appointed Martin Gafsen as its new director of property. Gafsen, previously the interim corporate finance director at Royal Mail, brings extensive experience in property management. He led the strategy for Royal Mail’s nationwide freehold and leasehold estate for 16 years. Additionally, Gafsen was responsible for…
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