×
67 385
Fashion Jobs
MACY'S
Manager, Merchandise Execution
Permanent · New York
MACY'S
Asset Protection Officer, Goodyear - Full Time (2840)
Permanent · Goodyear
MACY'S
Asset Protection Detective, Cross County - Full Time
Permanent · Yonkers
MACY'S
Asset Protection Detective, Bay Fair - Part Time
Permanent · San Leandro
MACY'S
Asset Protection Detective, Queens Center - Part Time
Permanent · New York
MACY'S
Manager, Operations
Permanent · Miami
MACY'S
Asset Protection Detective, Thousand Oaks - Part Time
Permanent · Thousand Oaks
MACY'S
Manager, Operations Sun-Wed 6:30pm-5:00am
Permanent · Portland
MACY'S
Asset Protection Detective, Rosedale Center - Full Time
Permanent · Roseville
TJ MAXX
Overnight D/C Loss Prevention Specialist
Permanent · Pittston
ROSS STORES
Store Protection Specialist
Permanent · Novato
ROSS STORES
Store Protection Specialist
Permanent · Dallas
TAPESTRY
Area Manager
Permanent · Boston
SALLY BEAUTY CORPORATE
Outside Sales Representative - Cosmoprof
Permanent · Ottawa
ASCENA
Part Time Manager Ann Taylor Factory Birch Run, mi
Permanent · Birch Run
ASCENA
District Manager - Ann Taylor, il/mi
Permanent · Lockport
ASCENA
District Manager, Ann Taylor Loft Factory Outlet - Georgia
Permanent · Peachtree City
NORDSTROM
Program Manager 2 - Price Strategy
Permanent · Seattle
NORDSTROM
General Manager- Cafe Nordstrom- Downtown Portland
Permanent · Portland
NORDSTROM
Area Manager - Training - Portland, or
Permanent · Portland
NORDSTROM
Operations Manager Outbound – Sat-Mon 6pm-6am Shift – Elizabethtown, PA
Permanent · Elizabethtown
NORDSTROM
Business Intelligence Analyst Lead
Permanent · Seattle
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.