Speculation around Missguided’s future is building and a number of big-name retailers and private equity giants are understood to be circling the troubled firm with some expected to made bids this month.
Indian conglomerate Reliance Industries Ltd and U.S. buyout firm Apollo Global Management are planning a joint bid for UK high street pharmacy chain Boots, a spokesperson for Apollo confirmed on Wednesday.
Quite a coup for Asda. The UK supermarket’s value fashion/lifestyle brand George has partnered with the streaming giant Netflix for a major product tie-up. The partnership has begun in 50 store locations and online.
Suitors are lining up to take over UK health & beauty retail giant Boots. According to the latest report, New York-based investment giant Apollo Global Management is now in the lead position with a £6bn takeover bid.
The auction for dominant health and beauty chain boots in the UK has seen some key developments this week, according to a report, with one major consortium dropping out but the owners of Asda still in the running.
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.