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Boots leader quits after Walgreens’ sale plan stalls

June 29, 2024



(Reuters) -The boss of British beauty and health store Boots is quitting after U.S. proprietor Walgreens Boots Alliance’s plans for a sale or inventory marketplace list of the chain stalled, in keeping with an individual with wisdom of the location.Sebastian James, who has run Boots since 2018, will stay within the put up till November earlier than taking over a brand new function in different places, the individual informed Reuters.Walgreens didn’t reply to Reuters’ request for remark out of doors industry hours.Sky Information first reported James’ go out, pronouncing he had taken a task within the healthcare trade.On Thursday, Walgreens warned on its benefit outlook and mentioned it had no plans to promote Boots, having determined to proceed to spend money on it.($1 = 0.7910 kilos)(Reporting by way of Gnaneshwar Rajan in Bengaluru and James Davey in London; Enhancing by way of Andrew Heavens, David Holmes and Clelia Oziel)

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