Walgreens to Close 1,200 US Stores
Walgreens will close about 1,200 locations over the next three years as the drugstore chain seeks to turn around a struggling U.S. business that contributed to a $3 billion quarterly loss.
October 15, 2024Walgreens Woes Continue With Earnings Miss, Guidance Cut
Walgreens signaled that more store closings are on the way, missed earnings expectations for its third quarter and cut its annual forecast.
June 27, 2024Walgreens Said to Explore Sale of U.K. Unit
Walgreens Boots Alliance Inc. is exploring a sale of U.K. drugstore chain Boots so it can focus on its North American business, according to a person familiar with the matter, potentially undoing billionaire Stefano Pessina’s 2014 blockbuster transatlantic merger.
December 3, 2021Walgreens CFO Downplays Amazon’s Role in Pharmacy Industry
Walgreens Boots Alliance’s finance chief downplayed the impact of Amazon .com Inc. just days after the internet giant’s push into online pharmacy sent shares of pharmacies and drug distributors reeling.
November 20, 2020Walgreens-Rite Aid Agree to $17.2 Billion Merger
Two of the largest drug store chains in the United States have agreed to join forces. Walgreens Boots Alliance said it will acquire all outstanding shares of Rite Aid for $9 per share in cash, for a total enterprise value of approximately $17.2 billion, including acquired net debt.
October 27, 2015