Walgreens Boots Alliance CEO Roz Brewer stated Tuesday that the retailer has begun a strategic overview of its Boots business.
In a digital presentation on the J.P. Morgan Healthcare Conference, Brewer confirmed that the company is contemplating methods to proceed with the U.K.-based drugstore chain. She didn’t say whether or not that will be a sale and, if that’s the case, who is perhaps the client.
“While the method is in an exploratory stage, we do anticipate to maneuver rapidly,” she stated.
Walgreens has been reportedly contemplating a sale, because it ramps up its focus on health care and competes with U.S. rival CVS Health. Earlier Tuesday, British information outlet Sky News reported that non-public fairness companies Bain Capital and CVC Capital Partners were putting together a bid for Boots. It cited unnamed sources and Walgreens didn’t touch upon the report.
Boots has greater than 2,200 shops and roughly 51,000 workers, based on the company’s web site. It additionally has lots of of optical practices and listening to care places. Along with promoting drugstore gadgets, it is identified for magnificence manufacturers, together with its personal labels like No7 and Soap & Glory, which have been picked up by main retailers like Ulta Beauty and Walmart.
Disclosure: Comcast is the father or mother of each Sky News and CNBC.