Its parent company, Walgreens Boots Alliance, is being taken over by buyout barons at Sycamore Partners in a deal worth nearly £18.4 billion.
Boots staff are concerned about potential job losses and store closures following the £18.4 billion takeover of its parent company, Walgreens Boots Alliance (WBA), by US private equity firm Sycamore Partners. Experts cite Sycamore's history of debt-fueled buyouts leading to bankruptcies as a cause for worry, while sources suggest Boots' network is "bloated" and ripe for cost-cutting. WBA leadership assures staff to remain focused and believe that the new owners will continue with the company's previous strategy.
