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‘It might be gutted’ – Boots braces for dose of private equity’s bitter medicine

The 176-year-old chemist is preparing for another change of hands. What’s the mood of staff and residents at its home base in Nottinghamshire?‘We’ve had several rounds of cost-cutting and it could happen again,” says a Boots worker. Fears are running high as the Nottinghamshire-based chemist prepares to change hands – perhaps twice in quick succession.The US private equity firm Sycamore Partners is close to finalising a $10bn (£7.8bn) deal to take over the listed US owner of Boots, Walgreens Boots Alliance. Continue reading...

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