Boots suitors given until end of the month for fresh bids

Boots bag

Prospective bidders for Boots have been given until the end of the month to place first-round bids in the £7bn battle shaping up for the health and beauty retailer.

With the new owners of Asda, supermarket chain Sainsbury’s and a number of the world’s largest private equity firms all reportedly eyeing a bid for Boots, the health and beauty retailer’s boss Seb James met with prospective bidders last week, according to The Times. 

James, alongside advisers from Goldman Sachs, touted the opportunity for Boots to offer more health services alongside an improved beauty range. 

Boots was acquired by American giant Walgreens in two stages during the 2010s to form the Walgreen Boots Alliance. 

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.