Supermarkets may check out Boots: Chemist could be target for retailers

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To catch up?: Supermarkets Tesco, Sainsbury’s, Asda, Morrisons and online giant Amazon may be interested, sources say

The shoes could be a target for Britain’s biggest retailers after they were crafted by chemists in bankers to talk to potential buyers.

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Goldman Sachs has been appointed to oversee a potential sale that could value the high street chain as much as £5 billion, it revealed on Friday evening.

Supermarkets Tesco, Sainsbury’s, Asda, Morrisons and online giants Amazon may be interested in getting better access to local communities for customer deliveries and stores across their 2,200 pharmacies, the sources said.

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It will attract the attention of private equity firms including Apollo and Fortress, which recently scrutinized Morrison after a year of frenzied deals.

Boots, which is run by Sebastian James and owned by American giant Walgreens, has been accused in the past of failing to invest in stores.

But Sky News, which first reported the potential sale, said it has renewed the investment and refurbished some stores.

Walgreens declined to comment, but said its new strategy, revealed in October, includes “a greater focus on North America and healthcare.”

It said that boots are an “important part of the group”.

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