×
2 361
Fashion Jobs
JOHN LEWIS
Loss Prevention Partner
Permanent · OXFORD
MULBERRY
Warehouse Supervisor
Permanent · HAMBURG
VIVIENNE WESTWOOD
E-Commerce Studio Operations Manager
Permanent ·
BOOHOOMAN
Buying Admin Assistant - Menswear
Permanent · MANCHESTER
BOOHOO GROUP
Grc Analyst
Permanent · LONDON
BOOHOO
Buying Admin Assistant
Permanent · MANCHESTER
BOOHOO
Buyer
Permanent · MANCHESTER
VF INTERNATIONAL
dc Training Specialist
Permanent · COALVILLE
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTÉE LAUDER
Clinique - Consultant - Boots-Liverpool Street, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots-Handforth Dean, Wilmslow - 15 Hours / Week - Part Time, Permanent
Permanent · Wilmslow
ESTÉE LAUDER
Clinique - Consultant - Bentalls, Kingston- 21.5 Hours / 3 Days / Week - Part Time, Permanent
Permanent · Kingston upon Thames
ESTÉE LAUDER
la Mer - Business Manager - Flannels, Meadowhall - 37.5 Hours / 5 Days - Full Time, Permanent
Permanent · Sheffield
ESTÉE LAUDER
Clinique - Consultant - Boots - Cribbs Causeway, Bristol - 17.5 Hours / 3 Days - Part Time, Permanent
Permanent · Bristol
ESTÉE LAUDER
la Mer - Business Manager - Harvey Nichols, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - Boots, Warrington - 17 Hours - Part Time, Permanent
Permanent · Warrington
ESTÉE LAUDER
The Estée Lauder Companies - IT Service Desk Manager UK
Permanent · Fareham
ESTÉE LAUDER
Clinique - Consultant - Boots, Bishops Stortford - 7.5 Hours - Part Time, Permanent
Permanent · Bishop's Stortford
JOHN LEWIS
Contract Sales Manager
Permanent · DARWEN
PUMA
Cobra Puma Golf - Sales Support Coordinator
Permanent · Castleford
JOHN LEWIS
Loss Prevention Partner
Permanent · LEICESTER
HEAD OFFICE
Team Manager/Chef Victoria Head Office
Permanent · LONDON
Ads
Published
Jan 17, 2022
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Asda owners believed to be in talks on Boots bid

Published
Jan 17, 2022

Speculation is intensifying over who might buy Boots from its current owner Walgreen Boots Alliance, and the latest names in the frame are the Issa brothers, the retail tycoons who recently took control of Asda.




It's believed that they've held early stage talks about buying the business, which last week was also said to be in the sights of a joint venture between private equity giants Bain Capital and CVC.

However, one complication that could prevent an Issa takeover would be the rising cost of borrowing. The brothers and their private equity partner financed the takeover of Asda using a lot of debt, and with interest rates rising and debt markets tightening, this could be less of an option in 2022.

It's also unclear whether there would be competition concerns. Boots has over 2,000 stores in the UK and Asda is one of the country’s ‘big four’ supermarket chains. As well as selling groceries, it has a big beauty products retail business within its supermarkets and operates pharmacies too.

Newspaper reports also suggested that other supermarket groups could be interested in a takeover of the Boots business. This holds out the intriguing prospect that we could see Boots branches operating within individual supermarket branches, just as Sainsbury's has operated Argos within its giant stores since it bought the business.

That could also mean more Boots branch closures post-acquisition in areas where any potential supermarket owner has a superstore already.

Copyright © 2022 FashionNetwork.com All rights reserved.