Boots takeover 'could lead to financial rape'

The likely private equity takeover of Alliance Boots will probably lead to “opportunistic financial rape”, a retail expert has said.

Boots takeover 'could lead to financial rape'

The likely private equity takeover of Alliance Boots will probably lead to “opportunistic financial rape”, a retail expert has said.

Richard Perks, director of retail research at research company Mintel, said he believed both bids would involve some form of asset-stripping and they could spell massive job losses to cut costs, as well as possible price rises.

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