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LexBoots UK Ltd
Boots: one step closer to the block Premium content
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
November 24, 2023
Walgreens Boots Alliance Inc
Walgreens Boots chief steps down after latest profit forecast downgrade
...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
September 1, 2023
FT Live
FTWeekend Festival: U.S. edition
Where the Financial Times weekend paper comes to life
Saturday, 4 MayThe REACH, at the Kennedy Center for the Performing Arts, F Street Northwest, Washington, DC, USA
Walgreens Boots Alliance Inc
Boots and Walgreens to close 450 branches across UK and US
...Boots will close 300 stores in the UK and a further 150 Walgreens branches in the US over the next year as parent company Walgreens Boots Alliance seeks to “optimise” locations....
June 27, 2023
Unhedged
The stock market turns cautious Premium content
...Weak performance by companies such as Coca-Cola, Target, Walgreens Boots, Dollar Tree and Dollar General are a big part of that story — and a trend worth watching, given that the strong consumer is such...
October 3, 2023
LexMergers & Acquisitions
Walgreens: US healthcare land-grab intensifies with $9bn deal Premium content
...Walgreens had hoped to use proceeds from the sale of its struggling Boots chain in the UK to fund its push into healthcare services....
November 7, 2022
Walgreens Boots Alliance Inc
Walgreens affiliate in $9bn deal for doctors’ group Summit Health
...VillageMD, an affiliate of Walgreens Boots Alliance, has agreed to acquire physicians’ group and urgent care provider Summit Health in a deal valued at almost $9bn, adding to a wave of consolidation in the...
November 7, 2022
FT Live
Future of Retail
Securing long-term business growth with technology innovation
Tuesday, 17 SeptemberLondon, UK
LexBest Buy Co Inc
Best Buy: gadget hawker chases the silver dollar Premium content
...Amazon, Walgreens and CVS have all made big acquisitions in patient care services....
March 3, 2023
Boots UK Ltd
Boots sales recover as customers return to shops and travel resumes
...Walgreens posted fourth-quarter sales down 5.3 per cent year on year to $32.4bn, surpassing analysts’ expectations of $32.1bn....
October 13, 2022
Boots UK Ltd
Walgreens halts sale of Boots chain citing tougher financial conditions
...Walgreens reports its third-quarter results on Thursday....
June 28, 2022
Walmart Inc
Walmart lifts guidance as richer consumers go bargain hunting
...Unlike CVS and Walgreens, which will between them spread almost $10bn of payments over 10 to 15 years, lawyers involved in the settlement said Walmart would pay “the vast majority” within a year of it being...
November 15, 2022
Boots UK Ltd
Boots left in limbo as bids fail to emerge
...“But there’s also a lot of wood to chop and Walgreens has really just nibbled around the edges so far.”...
July 1, 2022
Executive Pay
GE boss faces revolt over bonus as shareholder adviser bares its teeth
...Already this year, the coffee chain Starbucks and the pharmacy group Walgreens Boots Alliance have lost shareholder votes on executive pay after ISS recommended against their bonus plans....
April 16, 2021
Walgreens Boots Alliance Inc
Walgreens Boots Alliance lifts forecast on strong sales
...Branches of Walgreens and Duane Reade administered 15.6m vaccinations and conducted 6.5m Covid tests in the three months ending on November 30....
January 6, 2022
Live news updates from September 5: Liz Truss to become UK prime minister, EU outlines plans for Russian gas price cap
Bed Bath & Beyond executive dies after fall from NY apartment building
...He had previously held executive roles at Walgreens Boots Alliance and Procter & Gamble....
September 4, 2022
LexBoots UK Ltd
Boots/Reliance: Ambani could reinvigorate UK chemist chain Premium content
...India’s largest listed company by market value has teamed up with private equity giant Apollo to make a binding offer to US giant Walgreens Boots Alliance for the bulk of its UK business....
June 9, 2022
FT Live
Due Diligence Live
Where leaders in investment and finance meet
Tuesday, 8 OctoberLondon, UK
Bed Bath & Beyond Inc
Bed Bath & Beyond executive dies after fall from NY apartment building
...He previously held executive roles at Walgreens Boots Alliance and Procter & Gamble....
September 4, 2022
Boots UK Ltd
Ambani’s Reliance teams up with Apollo to make binding bid for Boots
...The deal would allow its US parent Walgreens Boots Alliance to keep a minority stake. The size of that stake is open to negotiation. Boots declined to comment....
June 9, 2022
Boots UK Ltd
Walgreens lines up Goldman Sachs to explore options for UK’s Boots chain
...“Walgreens brought Boots down to its level, which was completely the wrong outcome.”...
December 3, 2021
Boots UK Ltd
Apollo and Mukesh Ambani’s Reliance plan joint bid for Boots
...Boots’s US parent Walgreens Boots Alliance put the business up for sale last December to focus on healthcare in its domestic market. It has set a deadline of May 16 for bids, one of the people said....
April 27, 2022
UK retail industry
Boots sale thrown off course by fewer buyers and market turmoil
...Walgreens Boots and the private equity firms all declined to comment....
March 1, 2022
Boots UK Ltd
Buyout groups Bain and CVC team up for potential Boots bid
...Last year, Walgreens Boots Alliance appointed Roz Brewer as chief executive, with Pessina becoming executive chair....
January 11, 2022
Due Diligence
Peloton’s tour de trouble takes a turn for the worse Premium content
...Smart reads Dwindling dynasties The generation that built Japan Inc is running out of heirs, as the country’s rapidly shrinking population creates a national succession crisis and ample opportunity for...
April 14, 2022
Ecommerce
Online retailers fuel inflation in reversal of years-long trend
...Last week the pharmacy chain Walgreens said it was adjusting some of its prices as a result of inflation....
October 20, 2021
Walgreens Boots Alliance Inc
Walgreens Boots Alliance recruits new chief from Starbucks
...He took charge of the group in 2015, shortly after the combination of Alliance Boots and Walgreens....
January 27, 2021
News in-depthWalgreens Boots Alliance Inc
Roz Brewer, chemist bringing a new formula on diversity to Walgreens
...Formed by the 2014 merger of the US chain Walgreens with the Switzerland-domiciled Alliance Boots, the group has underperformed the market for the past five years....
January 29, 2021

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