‘If Boots is on the block, Tesco and Murphy look primed to swoop’
Walgreens Boots Alliance is thought to be seeking a buyer for its UK business – and Tesco could provide the perfect suitor, writes Retail Week editor Luke Tugby
One of Britain’s most venerable retail names could soon be under new ownership. Walgreens Boots Alliance (WBA) has drafted in advisers from Goldman Sachs to assess options for its Boots UK arm, including a sale or a potential IPO.
WBA revealed in October plans to increase the focus on its North American business but, in truth, Boots had been starved of meaningful investment from its US owner long before then.
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