Walgreens decides not to sell its massive Boots business

Deerfield-based Walgreens began reviewing whether to sell Boots in January, but recently decided not to sell Boots or its No7 Beauty Company business, noting in a news release that “since launching the process, the global financial markets have suffered unexpected and dramatic change.

Still, Walgreens has been trying to cut costs in recent years, announcing plans in October to try to slash $3.3 billion in costs by 2024, up from an earlier goal of $2 billion a year by 2022, which the company has already reached. It’s also been increasingly forming partnerships to better compete and bring more people into stores. Earlier this month, it announced plans to

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