WSL Future of Health Event

Reports: WBA mulling sale of Boots

Print Friendly, PDF & Email

DEERFIELD, Ill. — Walgreens Boots Alliance is thinking of selling its Boots chain in the U.K. in order to devote more attention to its North American business, according to published reports.

The company has reportedly enlisted Goldman Sachs to advise it on its options, which include selling the British chain, keeping it, or listing it as a separate publicly-traded company.

Boots’ U.K. operations include a network of 2,200 stores. The chain is also one of Britain’s largest private employers, with about 55,000 employees, according to Sky News, which first reported the story.

“Walgreens Boots Alliance does not comment on market speculation and Boots is an important part of the Group,” the company said in a statement to Sky News on Friday. “However, it is accurate that WBA announced a renewed set of priorities and strategic direction for the Group in October, which includes a more pointed focus on North America and on healthcare.”


You must be logged in to post a comment Login