The boss of British well being and sweetness retailer Boots is quitting after U.S. proprietor Walgreens Boots Alliance’s plans for a sale or inventory market itemizing of the chain stalled, based on an individual with data of the state of affairs.
Sebastian James, who has run Boots since 2018, will stay within the publish till November earlier than taking on a brand new function elsewhere, the individual instructed Reuters.
Walgreens didn’t reply to Reuters’ request for remark exterior enterprise hours.
Sky Information first reported James’ exit, saying he had taken a task within the healthcare business.
On Thursday, Walgreens warned on its revenue outlook and mentioned it had no plans to promote Boots, having determined to proceed to make investments in it.
Study extra:
How Prestige Beauty Brands Can Stay on Top
If aspirational clients hold pulling again from discretionary spending, solely the posh shopper can be left to snap up pricier merchandise. However high-net-worth buyers crave a distinct form of retail expertise.
Thank you for being a valued member of the Nirantara family! We appreciate your continued support and trust in our apps.
-
Nirantara Social - Stay connected with friends and loved ones. Download now:
Nirantara Social
-
Nirantara News - Get the latest news and updates on the go. Install the Nirantara News app:
Nirantara News
-
Nirantara Fashion - Discover the latest fashion trends and styles. Get the Nirantara Fashion app:
Nirantara Fashion
-
Nirantara TechBuzz - Stay up-to-date with the latest technology trends and news. Install the Nirantara TechBuzz app:
Nirantara Fashion
-
InfiniteTravelDeals24 - Find incredible travel deals and discounts. Install the InfiniteTravelDeals24 app:
InfiniteTravelDeals24
If you haven't already, we encourage you to download and experience these fantastic apps. Stay connected, informed, stylish, and explore amazing travel offers with the Nirantara family!
Source link
