Walgreens Boots Alliance (WBA), the global pharmacy chain, has announced that it has entered into a definitive agreement to be acquired by an entity affiliated with Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. “Leveraging WBA’s healthcare expertise and Sycamore’s established leadership in retail and consumer services, WBA will be better positioned to become the first choice for pharmacy, retail and health services”, the company …
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Walgreens Boots Alliance
Walgreens Boots Alliance (WBA), a global leader in retail pharmacy, has announced the closure of 300 Boots stores in the UK and a further 150 Walgreens branches in the US, according to BBC and Financial Times reports. Speaking in a conference call to announce its financial results for the third quarter of fiscal 2023, the retail group reportedly claimed the move would allow it to “concentrate its team members where …
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