Walgreens Boots Alliance announces Liz Earle acquisition

Walgreens Boots Alliance has announced the acquisition of Liz Earle Beauty, the British company behind the award-winning Liz Earle skincare brand.

The premium skincare range features naturally active ingredients and is recognised as one of the leading botanical brands in the UK. It helps to achieve healthy-looking skin and works for all skin types, including the most sensitive.

Launched in 1995, the company is known for the quality of its products and its strong commitment to customer service.

The purchase will help to drive further growth in the UK for Walgreens Boots Alliance, which became the largest retail pharmacy, health and daily living-focused business in the world following the merger of Walgreens and Alliance Boots in December 2014.

During the third quarter of its current business year, ending on May 31st 2015, the company's net sales increased by 48.4 percent year-on-year to $28.8 billion (18.61 billion pounds).

It also announced the appointment of Stefano Pessina as its new permanent chief executive officer last week.