Boots left in limbo as bids fail to emerge

Boots is facing fresh uncertainty after its US owner abandoned plans to sell the business - but left the door open to a disposal once market conditions improved. Neil Saunders, managing director at GlobalData Retail, said the outcome of the review had left Boots "Treading water". Brewer said Walgreens would continue to invest in Boots. "The execution of our transformation programme, and a sharp focus on expanding our key categories of healthcare and beauty, has driven strong sales and market share growth and further strengthened our position as the UK's leading health and beauty retailer," said Seb James, managing director for Boots in the UK and Ireland. Boots has tightened pricing and improved its popular loyalty scheme to curtail market share losses to supermarkets and variety discounters.

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