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Sky News reported on Wednesday that Alex Baldock, the outgoing chief executive officer of Currys PLC, is expected to become the next CEO of pharmacy chain Boots. Retail industry sources told Sky that Baldock’s appointment will be announced later in the spring. London-based Currys announced in late March that Baldock would be stepping down, after eight years in the role, to take a ‘new external position’. Shares in the electrical and telecommunications retailer were 0.5% lower at 123.00 pence in London on Wednesday afternoon. Boots’ parent company, Walgreens Boots Alliance, was previously listed in New York before its acquisition by Sycamore Partners in 2025. Sky noted that if he is confirmed as Boots’ CEO, Baldock could be leading the business through ‘a potential multibillion-pound stock market listing’. Citing ‘several retail analysts,’ it said if Boots lists as a standalone company it could be valued at between £5 billion and £7 billion. It noted ‘repeated speculation’ that Sycamore could sell or demerge Boots, saying that a London listing ‘is considered to be the likeliest outcome’. Sky was unable to reach Baldock, and Boots declined to comment. Copyright 2026 Alliance News Ltd. All Rights Reserved.
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