Walgreens abandons plan to sell UK-based Boots business [Reuters]
AmerisourceBergen Corporation (ABC)
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Source: Reuters
party was able to make an adequate offer due to the turmoil in the global financial markets. The company put its Boots business up for sale after announcing a strategic review in January as the second-largest U.S. pharmacy chain renewed its focus on the domestic healthcare. Advertisement · Scroll to continue The decision to retain Boots and No7 Beauty Company has also been supported by their ongoing strong performance, Walgreens said. The 173-year-old Boots business includes 2,200 stores in the United Kingdom, including pharmacies, health and beauty stores. The company sold its distribution business for $6.5 billion to U.S. drug wholesaler AmerisourceBergen (ABC.N) last year. ( https://reut.rs/3bDWF8w Walgreens had cut jobs, suspended share repurchases and closed some of its UK-based Boots stores to save costs and revive profit growth that took a major hit as the COVID-19 crisis hammered sales at its stores and pharmacies in 2020. Advertisement · Scroll to continue Wal
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