Uncertainty Looms Over Boots Amid Takeover Talks
Walgreens Boots Alliance (WBA), the U.S.-based owner of Boots, is reportedly in discussions with private equity firm Sycamore Partners over a potential sale of the British pharmacy giant. The move comes as WBA grapples with financial challenges, including a slowdown in retail pharmacy sales and pressure to streamline its operations.
The proposed takeover reflects a growing need to revitalize the iconic Boots brand, which has faced declining profits amid stiff competition and changing consumer habits. A deal with Sycamore Partners, known for turning around struggling businesses, could signal significant changes for the 175-year-old company.