UK pharmacy retailer Boots’ proposed GBP7 billion sale to the Weston family has stalled after the buyer reduced its offer and owner Sycamore Partners rejected the revision. Boots could instead pursue a London listing within two years under incoming CEO Alex Baldock. The retailer operates more than 1,800 outlets, with annual revenue rising 3.2% to GBP7.5 billion, pre-tax profit up 25% to GBP337 million and LFL retail sales increasing 5.8%. (Retail Gazette)