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...sale of its UK retail chain....
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...Walgreens Boots and Brewer mutually agreed for her to step down as CEO and member of the board where she has served since 2010, the company said on Friday....
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...Despite stronger growth in its sales, Boots is shutting 300 UK stores, the latest of a series of closures, while Walgreens is closing 150 US outlets....
...The UK pharmaceutical retailer’s transfer of £4.8bn of pension obligations to insurer Legal & General brings its potential sale by owner Walgreens Boots Alliance one step closer....
...Shares moves to note on the New York Stock Exchange include home fitness equipment company Peloton, frozen food maker Lamb Weston and pharmacy business Walgreens Boots: Shares of Peloton rose 8.5 per cent...
...Shaw, a former Walgreens pharmacist and one of the organisers of the Pharmacy Guild....
...So-called front-end sales of products such as make-up and snacks are already being chipped away by online rivals. Walgreens Boots Alliance needs new ideas for growth....
...The company said the decision was partly driven by huge demand for weight-loss drugs....
...I’ve been working as an employee for the family company that I was supposed to inherit. Despite dedicating my life to the company, that promise wasn’t followed through....
...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....
...Rosalind Brewer, Walgreens’ former chief executive, at the time signalled that the company would consider other deal options....
...This enabled “clear lines of communication to ensure accountability and transparency”. The company declined to comment....
...Companies tend to underestimate and underprovision in these situations; the fear was that liabilities might snowball, in the unappealing mould of Bayer....
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...., a footwear company based in California, agreed to settle charges for failing to disclose payments for the benefit of its executives and their immediate family members....
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