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...This article has been amended to reflect the fact that Walgreens is not one of FGS’s biggest clients...
...Yet a new leader may not be enough to cure all of Walgreens’ ailments. For starters, running physical drugstores is not the cash cow it once was. Walgreens operates nearly 9,000 stores in the US....
...The push into prescriptions and drug delivery is unusual for a pharmaceutical manufacturer, pitting Eli Lilly against pharmacies such as CVS and Walgreens....
...The Co-op’s director of pensions Gary Dewin said its deal reduced the company’s exposure to future funding risks and helped strengthen the Co-op “for the benefit of our members”....
...Boots will close 300 stores in the UK and a further 150 Walgreens branches in the US over the next year as parent company Walgreens Boots Alliance seeks to “optimise” locations....
...Still, though, the bank’s new credit rating, two notches below investment-grade, includes the likes of AT&T and Walgreens. It isn’t yet obvious this is a bank failure waiting to happen. Disagree?...
...VillageMD, an affiliate of Walgreens Boots Alliance, has agreed to acquire physicians’ group and urgent care provider Summit Health in a deal valued at almost $9bn, adding to a wave of consolidation in the...
...Walgreens said the settlements included no admission of wrongdoing or liability by the company....
...Rosalind Brewer has resigned as chief executive of Walgreens Boots, the second top-level departure from the pharmacy chain in the space of five weeks....
...Amazon, Walgreens and CVS have all made big acquisitions in patient care services....
...Walgreens posted fourth-quarter sales down 5.3 per cent year on year to $32.4bn, surpassing analysts’ expectations of $32.1bn....
...It declined to comment further, saying that it was co-operating with US authorities....
...The speech was a clear response to western governments’ attempts to limit co-operation with China as tensions rise between Beijing and Washington....
...Walgreens Boots Alliance’s decision not to give Boots the boot creates a problem. Proceeds from the sale of the UK chain would have accelerated the expansion of Walgreens Health....
...The deal between VillageMD, an affiliate of Walgreens, and Summit Health is another good example of an unorthodox transaction....
...Results: Accsys Technologies FY, Petrofac trading update, Prosus FY, PZ Cussons Q4 trading update, Telecom Plus FY, Walgreens Boots Alliance Q3, Wise FY Wednesday Bank of England Monetary Policy Committee...
...Job moves Goldman Sachs’ co-chair of global M&A Michael Carr is retiring after 25 years at the Wall Street investment bank, according to a memo seen by DD....
...Already this year, the coffee chain Starbucks and the pharmacy group Walgreens Boots Alliance have lost shareholder votes on executive pay after ISS recommended against their bonus plans....
...Branches of Walgreens and Duane Reade administered 15.6m vaccinations and conducted 6.5m Covid tests in the three months ending on November 30....
...LetterOne will bring in new board members, including Alex Gourley, former co-chief operating officer at Walgreens Boots Alliance, Linda Wilding, a former private equity executive, and Annalisa Jenkins, former...
...News round-up Walgreens affiliate in $9bn deal for doctors’ group Summit Health (FT + Lex) US accounting industry split on taking private equity cash (FT) Georges Elhedery: HSBC’s heir apparent (FT)...
...It is above last year’s average for take-private deals of 19.3 times, according to a report by Bain & Co....
...SoftBank’s $66bn sale of UK chip business Arm to Nvidia collapsed in February because of regulators’ concerns and Walgreens Boots Alliance this week halted the sale of Boots....
...“[They] happened to be the most liquid asset that those entities had to liquidate in order to cover their leverage and margin issues,” said Scott Kleinman, co-president of Apollo, on an earnings call....
...Boots accounts for about 5 per cent of Walgreen’s yearly sales of $132bn....
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