Boots seeks deal with Budgens
Alliance Boots, the high street chemist that is selling nearly half the company to the US firm Walgreens, is in talks with the group behind the grocer Budgens about stocking its food products in Boots' outlets.
Boots launched a pilot with Waitrose in 2010 to sell each other's products but the partnership came to an end last month. Musgrave, whose brands also include Londis in the UK, as well as Supervalu and Centra in the Republic of Ireland, confirmed it has had discussions with Alliance Boots. The health and beauty giant declined to comment, but it is understood that Boots has held talks with a number of grocers recently. Waitrose stopped selling certain Boots' products, such as its No7 skincare and cosmetics, in January, and the chemist chain followed suit with the grocer's sandwiches and snacks in May.
Walgreens, America's biggest chemists' chain, is buying 45 per cent of Alliance Boots' equity for $6.7bn (£4.3bn), but it has the option to buy the remaining 55 per cent of shares within two and a half years. Based on Walgreens' share price, the second step of the transaction is valued at $9.5bn.
- 1 A daily walk 'can add seven years to your life'
- 2 The nine most warmongering countries in the world revealed
- 3 Rules on 5p plastic bags likely to lead to arguments at the check-out
- 4 Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
- 5 News agency criticised for describing Amal Clooney as 'actor's wife' in coverage of human rights trial
Bank Holiday Monday opening times: Are Tesco, Asda and other supermarkets open today?
Rules on 5p plastic bags likely to lead to arguments at the check-out
The nine most warmongering countries in the world revealed
VMAs 2015: Kanye West runs for president, Nicki Minaj calls out Miley Cyrus and the list of winners in full
Blood Moon and Supermoon: September to bring brightest – and dimmest – full Moon of the year on same night
Climate change: 2015 will be the hottest year on record 'by a mile', experts say
'Women only' train carriages: Jeremy Corbyn unveils radical move to tackle public harassment
Black holes are a passage to another universe, says Stephen Hawking
Tony Blair attacks Jeremy Corbyn's 'Alice In Wonderland' politics
Theresa May says migrants should be banned from entering the UK unless they have jobs lined up
Iain Duncan Smith 'should resign over disability benefit death figures', says Jeremy Corbyn
iJobs Money & Business
£25000 - £30000 per annum: Recruitment Genius: From modest beginnings the comp...
£35000 - £40000 per annum: Recruitment Genius: From modest beginnings the comp...
£15000 - £65000 per annum: Recruitment Genius: This is an exciting opportunity...
£18000 - £20000 per annum: Recruitment Genius: This is a fantastic opportunity...