Assurances are being sought by a Nottinghamshire MP as one of India’s richest men has joined forces with a US private equity firm to launch a £5 billion takeover attempt for Beeston-based Boots.
Roughly 8,500 people work for Boots in Nottinghamshire and its headquarters is based in Thane Road, Beeston. Despite 300 job roles being cut at the height of the pandemic it remains one of the county's largest private employers and the largest company based in Nottinghamshire.
There's been much recent speculation over the potential sale of the retail giant. Just a few days ago it was reported the owners of Asda could be on the brink of withdrawing their bid for Boots over a disagreement on price. The Issa brothers, who had teamed up with private equity firm TDR Capital to buy Boots, were reportedly reconsidering their bid after Walgreen - the owner of the pharmacy chain - asked for more money.
