New York-listed Walgreens Boots Alliance, which owns the chain, as well as US group Walgreens, surged 11 per cent following a report that discussions were ‘alive’ with buyout group Sycamore Partners.
Boots-owner Walgreens Boots Alliance surged 11% following a report that discussions were ‘alive’ with buyout group Sycamore Partners.
Boots is now one of the High Street’s ‘strongest brands’, according to Dan Coatsworth, investment analyst at investment platform AJ Bell.
Shares in the US-based owner of Boots soared on talks of a takeover by private equity –raising fresh questions over the High Street pharmacy’s future.
A sale is expected to result in parts of the business being sold by Sycamore, sparking speculation about the future of Boots.
