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Walgreens Boots Alliance's fortunes collapsed as drug margins fell and as consumers turned to cheaper rivals such as Amazon and Walmart to fill their prescriptions and buy toiletries

Walgreens to be taken private in $10 billion deal

Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms have said, closing out nearly a century of trading on public markets for the US pharmacy giant.

Business • 07 Mar

Boots' managing director Sebastian James has handed in his notice to take up a role in the healthcare sector

Boots boss to stand down after six years at the helm

The boss of health and beauty chain Boots has announced plans to stand down after six years in the top job.

Business • 01 Jul 24

Shares of the comany having declined 40% for the year so far

Walgreens Boots Alliance cuts 2024 profit forecast

Walgreens Boots Alliance has today cut its profit forecast for fiscal year 2024 and said it would close more underperforming US stores as weak consumer spendinghurts its retail operations.

Business • 27 Jun 24

Boots reported a strong retail sales performance in the first quarter, with sales rising up by almost 10%

Walgreens Boots Alliance beats Q1 profit estimates

Walgreens Boots Alliance has today reported better-than-expected profit for the first quarter on strength in its pharmacy operations and also said it would cut its quarterly dividend in an attempt to save cash.

Business • 04 Jan 24

The Boots' owner's lower forecast comes at a time when the company is tackles multiple challenges

Walgreens forecasts weak profit as Covid sales shrink

Boots owner Walgreens Boots Alliance has today forecast a lower-than-estimated profit for financial year 2024 due to a sharp drop in sales of Covid-19 tests, vaccines and treatments.

Business • 12 Oct 23

Boots said its decision to close 300 stores in the UK will not result in any job losses

Boots to close 300 stores in UK over the next year

Boots has said it will shut 300 of its stores across Britain over the next year.

Business • 28 Jun 23

Boots recorded a jump in sales over the Christmas quarter

Demand for beauty products drives Boots sales higher

Strong demand for beauty products over Christmas helped Boots record a jump in sales over the past quarter.

Business • 28 Mar 23

Walgreens Boots Alliance is one of the largest US pharmacies

Walgreens posts loss on $6.5bn opioid litigation charge

US pharmacy chain Walgreens Boots Alliance has today reported a net quarterly loss as it took a $6.5 billion opioid litigation charge.

Business • 05 Jan 23

Walgreens Boots Alliance is keeping ownership of its UK-based Boots business after completing a review

Walgreens abandons plan to sell UK-based Boots business

Walgreens Boots Alliance has today scrapped its plan to sell its UK high street pharmacy chain, Boots, saying no third party was able to make an adequate offer due to the turmoil in the global financial markets.

Business • 28 Jun 22

Tesco CEO Dave Lewis had agreed to extend his tenure until September 30

Tesco forced to wait until October for new boss

Retailer Tesco will have to wait until October before its new boss can start after his former employer Walgreens Boots Alliance insisted he see out a non-compete agreement.

Business • 03 Feb 20