Pure Beauty

Boots’ £7 billion sale is back on the table

By Austyn King | Published: 14-May-2024

Parent company Walgreens Boots Alliance first explored sale options for the health and beauty retailer in 2022

Boots' owner is attempting another potential sale of the British business, according to new reports.

The health and beauty retailer’s parent company Walgreens Boots Alliance (WBA) is in discussions with potential buyers to sell the chain for an estimated £7bn, Bloomberg wrote.

It comes after WBA considered selling off the No7 owner last year, after it was said to be facing internal pressure to separate its international operations to focus more on its US domestic market.

This was the company’s second attempt to sell Boots, after initially floating a sale in 2022 and hiring Wall Street bank Goldman Sachs to oversee the process.

However, the sale was abandoned after the company failed to find a suitable buyer for the 172-year-old retailer.

The latest sale rumours come after Boots delivered its 12th consecutive quarter of growth in Q2 2024, driven by a strong Christmas trading period and increased in-store footfall.

Boots declined to comment on the potential sale.

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