Boots news and archive

Boots CEO reportedly quits after sales process comes to halt

Sebastian James, the chief executive officer of British pharmacy chain Boots, is understood to have stepped down from his role after plans to sell the company came to a halt. James, who first entered Boots in 2018, is understood to be leaving in November after which he will move on to a new position in the healthcare industry, Sky News reported....

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Walgreens Boots Alliance lowers FY24 EPS outlook

Third quarter earnings per share (EPS) at Walgreens Boots Alliance (WBA) were 40 cents compared to 14 cents in the year-ago quarter. Adjusted EPS was 63 cents, down 36.6 percent on a constant currency basis. Third quarter sales increased 2.6 percent or 2.5percent on a constant currency basis to 36.4 billion dollars. The company is lowering...

Business

Walgreens presses pause on plans for Boots IPO

Walgreens Boots Alliance Inc. (WBA.O) has reportedly shelved its plans for a potential initial public offering (IPO) of UK-based drugstore chain Boots as it continues to explore other opportunities. On Friday afternoon, Bloomberg News reported that Walgreens Boots Alliance was continuing “informal talks with potential buyers” for Boots, which...

Retail |Beauty

Boots own-brand becomes biggest Leaping Bunny-approved beauty range in the UK

Beauty and health retailer Boots has been named as having the biggest range of Leaping Bunny-approved own-brand beauty products on the UK high street. The Leaping Bunny programme from Cruelty Free International, the leading organisation working to end animal testing, is a globally recognised standard for assessing cruelty-free cosmetics and...

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Boots posts strong digital and retail sales growth

Boots continued its strong performance for the second quarter, reporting retail sales growth of 5.9 percent, on top of a 16 percent increase in the prior year second quarter. Digital sales through Boots.com and the Boots app were up 16.8 percent, driven by strong sales of beauty and personal care products. The company said, in-store sales growth...

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Boots appoints strategy & transformation director

Cosmetics and healthcare retailer Boots has appointed a former Asda exec as its new strategy and transformation director. Preyash Thakrar joined the company on March 1 from accounting services provider KPMG UK, where he most recently served as partner for consumer and retail. Prior to this, he was a senior advisor to the CEO of Picadeli and had...

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Walgreens Boots Alliance CEO steps down, interim named

Rosaline Brewer, the chief executive officer of Walgreens Boots Alliance (WBA), has abruptly exited the role after coming to what was described to be a “mutually agreed” upon departure with the group’s board of directors. Brewer, who has also stepped down as a member of the board, had just been appointed to the helm of the healthcare and...

Retail

Boots to unveil beauty-only store as category shines

Health and beauty retailer Boots has said it will be opening a beauty-only store at London’s Battersea Power Station later this year. The 11,200 square foot space will be the first of its kind for Boots, offering a selection of products, services and advice solely that descend solely from the beauty sphere. As part of the opening, there will...

Business

Walgreens Boots Alliance reportedly cutting 10 percent of corporate jobs

Pharmaceutical group Walgreens Boots Alliance (WBA) has reportedly said that it would be cutting 10 percent of its corporate jobs as it looks to streamline operations. The company said that it would be eliminating 504 roles, many of which are believed to be based at the Deerfield and Chicago offices. In a statement to Reuters, the company noted...

Fashion |Beauty

No7 unveils products featuring "world-first" super-peptide blend

The UK’s number one skincare brand No7 has unveiled its biggest-ever scientific innovation with products continuing a world-first super-peptide blend designed to help reverse the appearance of multiple signs of skin damage. The No7 ‘Future Renew’ collection contains a new ‘super peptide’ blend that it claims works to harness the skin’s natural...

Business |Beauty

Boots partners with RangeMe to source emerging and diverse brands

The UK’s biggest beauty retailer Boots is partnering with RangeMe, the leading product discovery, sourcing and purchasing platform, to expand the number of new and diverse suppliers it works with both in-store and online. The partnership will provide the Boots buying team with increased access to emerging and diverse brands, explains RangeMe, as...

Business

Boots to launch online third-party marketplace

Boots has announced it is set to launch a new online marketplace which will offer third-party brands while also extending its range of products on its own e-commerce platform. The health and beauty retailer said it will be launching the marketplace, powered by Mirakl, in spring 2023, as part of its ongoing digital strategy focused on extending...