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THE WHAT? Walgreens Boots Alliance has introduced the deliberate closure of some 300 Boots UK shops, triggering hypothesis that the drug retailer big is making ready to place the British pharmacy chain up on the market as soon as once more, based on a report printed by The Guardian.
THE DETAILS Boots UK delivered robust 13.4 p.c gross sales development in the latest quarter however WBA plans to shutter shops which are shut collectively with a purpose to ‘focus funding extra acutely in particular person shops’. Workers affected by the closures will probably be redeployed.
THE WHY? WBA tried to unload its Boots chain final 12 months however attributed its failure to discover a purchaser to the issue in acquiring finance on the time. The Guardian means that this evolution of the shop property is designed to make the high-street stalwart a extra enticing prospect for acquisition.
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