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Chicago & Midwest  + Greater Chicagoland  + Retail  | 

Walgreens Reportedly Eyes Sale of Boots Retail Chain

Walgreens Boots Alliance (WBA) is lining up Goldman Sachs to advise it on a review of options that could result in new owners for Boots, the U.K.-based health and beauty retailer, Sky News reported. A sale could value Boots, which operates about 2,200 stores, at more than US$6.5 billion. 

There has been growing speculation in recent months that Deerfield, IL-based WBA might contemplate a sale of its British retail business, following the disposal of its European distribution arm, Alliance Healthcare, for US$6.5 billion earlier this year. 

In a statement issued to Sky News on Friday, the company said: “Walgreens Boots Alliance (WBA) does not comment on market speculation and Boots is an important part of the Group. 

“However, it is accurate that WBA announced a renewed set of priorities and strategic direction for the Group in October, which includes a more pointed focus on North America and on healthcare.” 

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Walgreens Boots Alliance

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
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