After months of speculation, it has been confirmed that Sycamore Partners is taking over Walgreens Boots Alliance (WBA) in a deal understood to be worth US $18.4 billion. WBA is listed in the US.
The cost base for Boots in the UK is now likely to come under the spotlight and could potentially affect its 1800 pharmacy and optician outlets, which, between them, have c.51,000 employees.
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