Boots could be a target for Britain’s biggest retailers after chemist drafts in bankers to talk to potential consumers
Boots could be a target for Britain’s biggest retailers after the chemist drafted in bankers to talk to potential consumers.
Goldman Sachs has been appointed to supervise a attainable sale that could worth the excessive avenue chain at £5 billion, it emerged on Friday night.
Up for grabs?: Sources mentioned supermarkets Tesco, Sainsbury’s, Asda, Morrisons and on-line big Amazon could be
Sources mentioned supermarkets Tesco, Sainsbury’s, Asda, Morrisons and on-line big Amazon could be eager about its 2,200 pharmacies to get higher entry to native communities for buyer deliveries and outlets.
It will entice the eye of personal fairness companies, together with Apollo and Fortress which just lately checked out Morrisons, after a yr of frenzied deal making.
Boots, which is run by Sebastian James and owned by US big Walgreens, has prior to now been accused of failing to spend money on shops. But Sky News, which first reported the attainable sale, mentioned it had renewed funding and refurbished some outlets.
Walgreens declined to remark however mentioned its new technique, revealed in October, ‘consists of a extra pointed give attention to North America and on healthcare’. It added Boots is an ‘vital a part of the group’.
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