After months of speculation about who would become the new owner of the UK health and beauty Boots business, the answer is… nobody. Its current owner has pulled it from sale with buyers unwilling to pay a premium price.
Clariant's first-quarter sales from continuing operations rose 30% in local currencies and 26% in Swiss francs to 1.26 billion Swiss francs, with pricing contributing 16% to growth, the Swiss chemicals group said.
A consortium led by India's Reliance Industries could become the front-runner to buy the Boots chain from Walgreens Boots Alliance with the other major bidder reportedly on the verge of walking away from any deal.
Staff from 100 of the biggest retailers operating in Britain, including ASOS, H&M, New Look and Superdrug, have taken part in the first wellbeing festival for retail workers run by industry charity the Retail Trust.