Boots could close stores and axe some of its 60,000 UK staff after the chain's American parent company issued a shock profit warning | WHAT REALLY HAPPENED

Boots could close stores and axe some of its 60,000 UK staff after the chain's American parent company issued a shock profit warning

Boots has warned it could close shops and axe jobs after its parent company issued a shock profit warning.

The chain’s American parent, Walgreens Boots Alliance, yesterday said it had suffered its ‘most difficult quarter’ since its formation. It warned it needed to take ‘decisive steps to reduce costs in the UK’ – with a Boots spokesman saying its shops were being reviewed.

It comes after the company previously said 350 jobs were at risk at its Nottingham headquarters.

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