Advertisement
Canada markets closed
  • S&P/TSX

    21,875.79
    -66.41 (-0.30%)
     
  • S&P 500

    5,462.74
    +2.26 (+0.04%)
     
  • DOW

    39,222.30
    +103.44 (+0.26%)
     
  • CAD/USD

    0.7292
    -0.0019 (-0.26%)
     
  • CRUDE OIL

    82.08
    +0.54 (+0.66%)
     
  • Bitcoin CAD

    85,861.12
    +1,426.35 (+1.69%)
     
  • CMC Crypto 200

    1,300.87
    -1.21 (-0.09%)
     
  • GOLD FUTURES

    2,340.10
    +0.50 (+0.02%)
     
  • RUSSELL 2000

    2,046.60
    -1.09 (-0.05%)
     
  • 10-Yr Bond

    4.4380
    +0.0950 (+2.19%)
     
  • NASDAQ

    17,746.71
    +14.11 (+0.08%)
     
  • VOLATILITY

    12.89
    +0.45 (+3.62%)
     
  • FTSE

    8,212.41
    +48.29 (+0.59%)
     
  • NIKKEI 225

    39,631.06
    +47.98 (+0.12%)
     
  • CAD/EUR

    0.6786
    -0.0034 (-0.50%)
     

Boots chief quits after Walgreens' sale plan stalls

Pigeons are seen resting on signage for Walgreens, owned by the Walgreens Boots Alliance, Inc., in Manhattan, New York City

(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.

Sebastian James, who has run Boots since 2018, will remain in the post 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' exit, saying he had taken a role in the healthcare industry.

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, David Holmes and Clelia Oziel)