(Reuters) – The head of British health and beauty retailer Boots has resigned after U.S. owner Walgreens Boots Alliance’s plan to sell or float the chain fell through, a person said aware of the situation.
Sebastian James, who has led Boots since 2018, will stay in his role until November before taking up a new role elsewhere, the person told Reuters.
Walgreens did not respond to Reuters’ request for comment outside business hours.
Sky News first reported James’ departure, saying he had played a role in the health sector.
On Thursday, Walgreens warned about its profit outlook and said it had no plans to sell Boots, having decided to continue investing in the company.
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(Reporting by Gnaneshwar Rajan in Bengaluru and James Davey in London; editing by Andrew Heavens, David Holmes and Clelia Oziel)
News Source : finance.yahoo.com
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