Walgreens Boots Alliance
This coverage examines Walgreens Boots Alliance’s impact on UK retail, focusing on market entry, store formats, product assortments, supply chain practices, and pharmaceutical services. Reporting highlights strategic decisions, regulatory navigation, and operational developments—offering insights for pharmacy chain executives, healthcare retail managers, and professionals overseeing multichannel wellness and retail operations.
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Jun- 2022 -28 JuneDepartment Stores
Walgreens pulls £5bn Boots sale
Walgreens Boots Alliance (WBA) has announced its decision to keep its Boots and No7 Beauty Company businesses under its existing ownership. This marks the conclusion of the review that began in January in line with the Company’s strategic priorities. WBA had been encouraged by productive discussions held with a range…
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21 JunePeople Moves
Bensons for Beds appoints new CEO
Bensons for Beds has announced that its current chief commercial and digital officer, Nick Collard, will take over as CEO with immediate effect to “lead the company as it prepares for further growth”. Collard joined the company in July 2021 after holding board roles at Holland & Barrett International, DFS…
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20 JuneEconomy
Boots takeover in doubt amid financing struggles
There are reportedly growing concerns that the proposed takeover of Boots could collapse as the ongoing cost-of-living impacts prospective buyers and lenders. According to The Sunday Times, the news comes as New York-based Apollo and Mukesh Ambani reportedly teamed up with a bid of £5.5bn earlier this month – which…
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10 JuneHealth & Beauty
Reliance Industries and Apollo in £5bn bid for Boots
Reliance Industries has teamed up with private equity firm Apollo to make a £5.5bn binding offer for Boots, according to Bloomberg. The deal will reportedly allow its US parent company, Walgreens Boots Alliance, to keep a minority stake. However, the size of the stake is still open to negotiation. Reliance…
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9 JuneNews
THG non-exec director to step down with immediate effect
THG PLC has announced that its independent non-executive director, Dominic Murphy, will step down from the board with immediate effect, after eight years with the company. The board and the nomination committee are now searching for “suitable” additional independent non-executive directors to replace Murphy and to further strengthen the board.…
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May- 2022 -30 MayNews
Issa brothers on verge of dropping out of Boots bid
Asda owners, the Issa brothers, are reportedly on the verge of walking away from their bid for a Boots takeover due to a disagreement on price, according to Bloomberg. The news outlet’s report said that Zuber and Mohsin Issa are getting cold feet after Boots’ owner, Walgreens, asked them for…
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16 MayHigh Street
Walgreens snaps up £4bn dividend from UK arm
Walgreens Boots Alliance has reportedly extracted more than $5.3bn (£4.3bn) of dividends from its UK holding companies. According to The Sunday Times, the Boots owner snapped up the dividends despite taking “hundreds of millions” of pounds of government support during the pandemic. Boots’ UK-based parent company, Superior Holdings, paid out…
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Apr- 2022 -28 AprilHigh Street
Apollo and Reliance plan joint bid for Boots takeover
US buyout firm Apollo Global Management and Reliance Industries have joined forces to plan a joint bid for UK pharmacy chain Boots, according to the Financial Times. Reliance is owned by India’s second-richest man, Mukesh Ambani, and if the bid is successful, Boots will expand its footprint into India, south-east…
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27 AprilHigh Street
May deadline set for Boots takeover bids
A deadline of May 16 has been set for final bids for Boots, according to Sky News. The company’s owner Walgreens Boots Alliance (WBA) issued the deadline as it looks to offload the business as economic issues threaten its valuation, with the price tag currently standing at up to £7bn.…
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Mar- 2022 -25 MarchHealth & Beauty
Apollo lines up banks to finance Boots bid
Private equity firm Apollo Global Management is reportedly lining up banks to help it finance a takeover offer for UK high street chemist Boots. According to Sky News, Apollo is in talks with Bank of America, Credit Suisse and Royal Bank of Canada to help fund the move that is…
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