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“We’ve had several rounds of cost-cutting and it could happen again,” says a Boots worker. Fears are running high as the Nottinghamshire-based chemist prepares to change hands – perhaps twice in quick succession.
The US private equity firm Sycamore Partners is close to finalising a $10 billion (£7.8 billion) deal to take over the listed US owner of Boots, Walgreens Boots Alliance.
Experts say Sycamore is then likely to sell off assets, having previously employed this tactic with…
