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With global economic outlook dim, Walgreens Boots Alliance to keep it in house.
June 29, 2022
By: TOM BRANNA
Editor
With recession clouds gathering, Walgreens Boots Alliance (WBA) has decided not to sell Boots, the British drugstore chain. Boots is best known for its No7 Beauty Company. WBA insisted there were suitors, but no offer emerged that “adequately reflects the high potential value of Boots and No7 Beauty Company,” according to the company. At the same time, WBA said the decision to keep the business was supported by the ongoing strong performance and growth of Boots and No7, which exceeded expecta...
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