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(Reuters) -Walgreens Boots Alliance is in talks to sell itself to private equity firm Sycamore Partners, according to a person familiar with the matter, the latest attempt by the pharmacy chain ...
Walgreens operates 12,000 stores around the world including its 1,900-strong Boots network. It bought a share of Boots in 2012 and fully took over the brand in 2015.
Walgreens and CVS have also been hurt by cannibalization — store sales hurting because there is an identical one nearby, splitting customers. In 2020, Sycamore's $525 million deal to acquire a ...
Walgreens’ stock has plunged more than 80% over the past five years, ranking the company among the worst-performing stocks during that stretch. It’s closing 1,200 stores, roughly 15% of its ...
Ad campaign against the sale of tobacco products in pharmacies, San Francisco, June 2008. With lawsuits from Philip Morris and Walgreens now behind them, the City and County decided to revisit the ordinance with an eye toward broadening it in a way that would even the playing field for all pharmacies.
Walgreens will have more freedom to aggressively cut costs if it becomes privately owned, one industry analyst said. The company is reportedly in talks with Sycamore Partners.
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