Boots to shut 300 UK stores despite stronger sales June 28, 2023 Boots has said it will shut 300 of its stores across Britain over the next year. The historic retailer revealed the raft of closures despite posting stronger sales over the latest quarter. The move, which it said will impact stores in close proximity to other sites, will reduce its store estate from 2,200 to 1,900 [...]
British Airways and Boots hit by cyber attack with UK staff bank details stolen June 5, 2023 British Airways and retailer Boots said their staff were amongst those hit by a cyber attack on Zellis, a payroll provider used by hundreds of companies in the UK. British Airways, owned by IAG said it had notified affected employees and was providing them with support. “We have been informed that we are one of [...]
Apollo teams up with Mukesh Ambani in bid for Boots April 27, 2022 Buyout giant Apollo has teamed up with India’s second-richest man Mukesh Ambani to launch a bid for Boots, as the race to takeover the chain enters the final stretch.
Boots’ sole suitor rallies lenders as takeover concerns linger on June 22, 2022 Boots’ sole bidder is relying on four major lenders to get its £5bn-plus takeover closer to the finishing line. As first reported by Mark Kleinman for Sky News, the consortium of Apollo Global Management and Reliance Industries are pinning their hopes on Royal Bank of Canada, Credit Suisse, Santander and Bank of America to finance [...]
Apollo and Reliance Industries join forces to make binding bid of up to £6bn for chemist Boots June 9, 2022 Private equity firm Apollo and Indian conglomerate Reliance Industries have made a binding bid for high street chemist Boots, it has been reported. According to the Financial Times, the offer values the company at between £5bn and £6bn, two sources familiar with the deal told the newspaper. US owner Walgreens Boots Alliance had been looking [...]
Boots bidders set to meet with bosses as takeover race continues March 20, 2022 Bidders for the high street chemist Boots are preparing to meet with the chain’s bosses this week as the race to takeover the firm intensifies.
Revolution Beauty: Shake-up of top team gives stability with revenue up 20 per cent November 14, 2023 Troubled make-up brand Revolution Beauty has posted a 20 per cent rise in revenue, as a shake-up of its top team appears to have provided some stability for the brand after a volatile few months. In the six months to August, the cosmetics maker said that adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) [...]
Bain and CVC pull out of Boots takeover bid March 1, 2022 One of the main bidders vying to snap up high street chemist Boots has abandoned its bid for the firm, in a move which could see Asda now move into pole position for a takeover.
FTSE 100 today: London markets set to extend Friday’s losses, echoing weak global lead June 24, 2024 Asian stocks dip on China-EU trade worries; gold rises on lower Treasury yields. Focus is on US PCE inflation and the US presidential debate.
Boots sets mid-May deadline as owner seeks multi-billion sale April 26, 2022 Boots’ owner has set a deadline of 16 May for final offers for the chemist chain. Walgreens Boots Alliance’s (WBA) has issued the deadline to suitors as it seeks to sell the chain, Sky News has reported. Suitors expected to make final proposals include Asda and Apollo Global Management. However, India’s Reliance Industries was thought [...]