Five years after taking Alliance Boots private, Pessina and KKR began selling the firm to America’s biggest pharmacy chain,
在將聯合博姿私有化五年后,佩西納和KKR開始將公司出售給美國最大的醫藥連鎖企業,
Walgreens – a process that was completed at the end of 2014.
沃爾格林連鎖藥店——該項目于2014年底完成。
The turnaround that Pessina promised never materialised: Colin Haslam from Queen Mary University points out that by 2014,
佩西納承諾的轉機從未實現:瑪麗皇后大學的科林·哈斯拉姆指出,到2014年,
operating profit margins for Boots UK – a key way of working out how much it actually makes on each pound going through its tills – were stuck at around the levels of 15 years earlier.
英國博姿的營業利潤率一直停留在15年前的水平左右。這是計算該公司每英鎊經過分肥后實際賺了多少錢的關鍵方法。
Meanwhile, the model of stretch and extract – loading Boots with debt,
同時,建立了消耗和提取模型,使博姿負債,
then pulling out as much as possible for investors without reinvesting in the business – “has left its underlying financial structure hollowed out”.
然后在不對業務進行再投資的情況下,為投資者盡可能多地撤出——“已使其潛在的財務結構空洞化”。
Asked about this, Boots replied that it had put money into both the employee pension funds and its chain of stores.
當被問及此事時,博姿回答說,該公司已經向員工養老基金和連鎖店投入了資金。
Haslam points out that all firms are required to meet their pension-fund obligations.
哈斯拉姆指出,所有公司都被要求履行其養老基金義務。
But there have been some big winners from Boots.
但博姿也有一些大贏家。
By 2012, Pessina was already claiming to have tripled the value of KKR’s investment in the company.
到2012年,佩西納已經宣稱,KKR對該公司的投資已經增加了兩倍。
He himself has not done too shabbily, either.
他自己做得也不太卑鄙。
In 2006, the year he merged his wholesale business with Boots, Forbes magazine ranked Pessina as the 428th richest man in the world.
2006年,也就是他將批發業務與博姿合并的那一年,《福布斯》雜志將他列為全球第428位富豪。
By 2015, he had shot up to 99th place. He has also gained a notably high vantage point in British public life.
到2015年,他的排名上升到了99位。他在英國的公共生活中也獲得了顯著的有利地位。

In 2010, David Cameron and George Osborne – both of whom describe tax avoidance as “morally repugnant” – took Pessina as part of their entourage to China.
2010年,戴維·卡梅倫和喬治·奧斯本——兩人都稱避稅“在道義上令人反感”——把佩西納作為訪華的隨行人員之一。
In the run-up to the general election of 2015, Pessina claimed that a Labour government under Ed Miliband would be a “catastrophe”.
在2015年大選的準備階段,佩希納曾聲稱,由埃德·米利班德領導的工黨政府將是一場“災難”。
This warning from a Monaco citizen, who once said he would never buy a home in Britain “because if I have a home here I have to run it”,
這是一位摩納哥公民的警告,被《星期日電訊報》認為是嚴重的,足以作為當天的主要新聞之一。
was considered grave enough by the Sunday Telegraph to be treated as one of its major stories of the day.
他曾說他永遠不會在英國買房,“因為如果我在這里有房子,我就得經營它”。