Walgreens
This coverage explores Walgreens’ activities and influence within the UK retail and pharmacy landscape, with attention to its store operations, healthcare offerings, and corporate strategy. Reporting includes updates on store openings and closures, strategic partnerships, leadership appointments, financial results, and initiatives shaping customer experience — providing retail professionals with insights into its commercial and operational priorities.
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Oct- 2022 -18 OctoberAnalysis
Sephora’s return to the UK could spell competition for Boots
The French cosmetics retailer, Sephora, has recently returned to the United Kingdom with the launch of an online store, with plans to open a flagship store in London sometime during Spring 2023. Though the location of Sephora’s new flagship store and opening date have not been disclosed yet, for many…
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Sep- 2022 -27 SeptemberPeople Moves
Boots former exec Gourlay in talks to join Holland & Barrett owner LetterOne
A former executive at the owner of Boots, Alex Gourlay, is reportedly in discussions to join the board of LetterOne, the Russia-linked vehicle which owns Holland and Barrett, according to Sky News. Gourlay stepped down as co-chief operating officer of Walgreens Boots Alliance earlier this year, and is in advanced…
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Jul- 2022 -1 JulyHigh Street
Boots sales jump 24% in Q3
Boots has announced like-for-like sales grew by 24% in the third quarter ending 31 May, while total sales rose by 13.5%, with the company reporting market share gains across “all major categories”. During the period, footfall increased by 45% compared to the prior year, boosted by “strong performance in flagships…
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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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