Boots chief quits after Walgreens’ sale plan stalls

(Reuters) – The boss of British health and beauty retailer Boots is resigning after plans for a sale or IPO of the chain were halted by U.S. owner Walgreens Boots Alliance, according to a source familiar with the matter.

Sebastian James, who has led Boots since 2018, will stay in the role until November before taking up new roles elsewhere, the person told Reuters.

Walgreens did not respond to Reuters’ request for comment outside of business hours.

Sky News first reported James’ departure, saying he had been working in the healthcare sector.

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

($1 = 0.7910 pounds)

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

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