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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May- 2022 -9 MayHealth & Beauty
Revolution Beauty FY22 sales soar amid Boots partnership
Revolution Beauty has welcomed a “record” Q4 in its latest full-year trading update, attributing the success to its Boots and Walgreens expansions, with half-year sales rocketing 44% year-on-year for the year ended 28 February 2022. The beauty group reported a revenue of £194m, up 42% against the year ending 28…
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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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21 MarchHigh Street
Boots bidders to begin discussions this week
Potential new owners of Boots are set to meet with the high street chemist chain’s management this week to discuss its £7bn upcoming sale, according to The Times. American private equity firms Apollo and Sycamore Partners are among the firms to have submitted non-binding bids for the Walgreens-owned group. They…
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8 MarchPeople Moves
Ted Baker welcomes new CFO
Ted Baker has announced the appointment of Marc Dench as its new chief financial officer (CFO) with effect from today (8 March 2022). Dench will succeed David Wolffe in the role, who is leaving to pursue another opportunity and will resign as a director with immediate effect. Dench is described…
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Feb- 2022 -24 FebruaryHealth & Beauty
CD&R rules out offer as Boots deadline hits
Walgreens Boots Alliance has reportedly set today (24 February) as the deadline to receive offers for the UK health and beauty chain Boots, according to Reuters. The outlet also revealed that private equity firm and new Morrisons owner CD&R has ruled itself out of the running amid the CMA’s ongoing…
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14 FebruaryHigh Street
Boots bidders given end of month deadline
Prospective bidders for Boots reportedly have until the end of the month to submit their first-round bids in a £7bn auction of the business, The Times reported over the weekend. According to the paper, Boots UK CEO Sebastian James has been meeting with prospective bidders this week alongside advisers at…
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3 FebruaryNews
Walgreens Boots Alliance adds to its board of directors
Walgreens Boots Alliance has announced the appointment of Steven Shulman to the company’s board of directors. He joins the board as a director, effective 27 January 2022, and becomes the board’s eleventh member. The firm said Shulman brings a “wealth” of healthcare management experience, as well as an “extensive” leadership…
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Jan- 2022 -31 JanuaryHigh Street
Walgreens set to start £7bn Boots sale process
Walgreens Boots Alliance has reportedly started the sales process for its Boots international drugstore unit, according to Bloomberg. Walgreens is said to be “sending out preliminary information on the business to potential suitors ahead of first-round bids due in the coming weeks”. Boots, which has 2,200 stores in Britain and…
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