The red-hot housing market isn’t sustainable—CoreLogic forecasts home price growth to slow



Boots in store for $10-billion sale as bid deadline looms

Britain’s largest drugstore chain Boots has set a Feb. 24 deadline to receive indicative bids from a series of deep-pocketed investors that could value the 173-year-old firm at up to 8 billion pounds ($10.88 billion), two sources told Reuters. The sale will see U.S. drugstore giant Walgreens, which has backed Nottingham-based Boots since 2012, cashing out from one of Britain’s best-known retailers which operates more than 2,200 stores and employs about 51,000 people. It will also lead to the dismantling of the Walgreens Boots Alliance (WBA), which was set up in 2014 when Walgreens took full control of the health and beauty chain, creating a global behemoth with overall revenues of $132.5 billion in 2021.

Alibaba Faces Volatile Reaction to Earnings as Woes Mount

Previous article

Rio Tinto to Pay $7.7 Billion Dividend as Profit Hits Record

Next article

You may also like


Leave a reply

Your email address will not be published.

More in News