(Reuters) – The boss of British health and beauty retailer Boots is quitting after U.S. owner Walgreens Boots Alliance’s plans to sell or take the chain public stalled, a source with knowledge of the matter said. situation.
Sebastian James, who has led Boots since 2018, will remain in the role until November before taking on a new role elsewhere, the person told Reuters.
Walgreens did not respond to Reuters’ request for comment outside business hours.
Sky News was the first to report James’ departure, saying he worked in the health service.
Walgreens warned on Thursday about its earnings forecast and said it has no plans to sell Boots as it has 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)
