Boots chief quits after Walgreens' sale plan stalls

[June 29, 2024]  (Reuters) -The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance's plans for a sale or stock market listing of the chain stalled, according to a person with knowledge of the situation.  

Pigeons are seen resting on signage for Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City, U.S., November 26, 2021. REUTERS/Andrew Kelly/File Photo

The person said on Saturday that James, who has run Boots since 2018, will remain in post until November before taking up a new role elsewhere.

Sky News first reported James' exit.

On Thursday, Walgreens warned on its profit outlook and said it had no plans to sell Boots, having decided to continue to invest in it.

($1 = 0.7910 pounds)

(Reporting by Gnaneshwar Rajan in Bengaluru and James Davey in London; Editing by Andrew Heavens and David Holmes)

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