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LexWalgreen Co
Walgreens: new CEO may decide Boots was made for hawking Premium content
...Walgreens operates nearly 9,000 stores in the US. Cheaper generic drugs are squeezing pharmacy sales margins....
October 11, 2023
Walgreens Boots Alliance Inc
Boots and Walgreens to close 450 branches across UK and US
...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....
June 27, 2023
FT Live
Business of Luxury Summit
Gathering leaders in luxury for the 20th year
Sunday, 19 MayVenice, Italy
News in-depthCyber Security
Hacker gang Clop deploys extortion tactics against global companies
...as much as several million dollars....
June 15, 2023
LexBest Buy Co Inc
Best Buy: gadget hawker chases the silver dollar Premium content
...Dollar General is testing mobile health clinics outside some of its stores. Amazon, Walgreens and CVS have all made big acquisitions in patient care services....
March 3, 2023
Boots UK Ltd
Boots sales recover as customers return to shops and travel resumes
...“We’ve seen people going on holiday again and a little bit of business travel as people go back to work, up from really a very low base....
October 13, 2022
LexHealthcare
Walgreens: without a sale of Boots, US group needs a health check Premium content
...It has built up a large pharmacy benefit management business and a leading health insurance division via acquisitions. The difference in business models explains why Walgreens has underperformed....
July 1, 2022
FT Live
Business of Art
Market shifts and future growth
Monday, 7 October180 Studios, London, UK
Walgreens Boots Alliance Inc
Walgreens Boots Alliance lifts forecast on strong sales
...Walgreens once again said that Boots had taken market share from other retailers such as supermarkets, department stores and discounters, which compete vigorously with Boots in areas such as personal goods...
January 6, 2022
Cat Rutter Pooley
Boots is cautionary tale of how buyout boom went bad
...Boots is not a business where some fancy financing can fix the business. Most of its stores are leasehold, so there is no easy sale and leaseback of the property estate to fund the deal....
June 16, 2022
Due Diligence
Hong Kong struggles to convince financiers it’s back open Premium content
...Beeline (FT) Germany’s biggest department store files for bankruptcy protection again (FT) Hollywood seeks a cut as Netflix debuts ad-supported streaming (FT) UK adds two Roman Abramovich ‘business associates...
November 3, 2022
Due Diligence
Why Liverpool FC’s owner is selling Premium content
...Citigroup has promoted Erik Savola as Nordic cluster head, country head for Sweden, and co-head of Nordic banking, capital markets and advisory....
November 8, 2022
News updates from November 18: Turkey’s central bank cuts rates again, Ford teams with GlobalFoundries to boost future chip supply, CVC to acquire Unilever tea business
CVS to close 900 stores over three years
...Shah, who will oversee CVS’s omnichannel strategy, will also serve as co-president of the retail business alongside Michelle Peluso, who is currently the chief customer officer, beginning in January....
November 18, 2021
Disrupted Times
Low inflation era is over, says ECB chief
...Boots accounts for about 5 per cent of Walgreen’s yearly sales of $132bn....
June 29, 2022
Investor activism
Political proxies: conservative activists file record shareholder proposals
...The left had taken over other institutions from universities to media outlets, he argued, and conservatives feared that it was doing the same in business and finance: “Now we have the leading bankers and...
March 28, 2022
News in-depthUS retail
Shoplifting wave forces US retailers to bulk up security — or just close shop
...Lori Lightfoot, mayor of Chicago, said this week she was “disappointed” that some stores on Michigan Avenue were not doing more to employ security officers, lock up merchandise at night and chain up high-end...
December 13, 2021
Disrupted Times
Drop in US unemployment rate welcome news for Fed
...One group is doing particularly well: those with houses to sell....
January 7, 2022
FT Live
Business of Entertainment Summit
Capitalizing on Disruption
Thursday, 19 SeptemberLos Angeles, CA
FT SeriesWomen of 2021
The FT’s 25 most influential women of 2021
...Before her first day of work as the new CEO of Walgreens Boots Alliance, Roz spent two weeks driving herself around Georgia and dropping in at local stores....
December 2, 2021
Marks & Spencer Group PLC
M&S makes venture capital investment in digital push
...“Some of that was pure necessity — the world has changed and you cannot survive with a store-only mentality.” Matt Truman, co-founder of True, said Norman had been pivotal....
September 19, 2021
LexWalgreen Co
US healthcare M&A: strategies encapsulated Premium content
...This means less foot traffic into stores and less browsing and buying of everyday items such as toothbrushes and make-up. Online competitors, namely Amazon, were already eroding sales....
January 6, 2021
Amazon.com
Amazon’s drugs unlikely to prove fatal to pharmacies, say experts
...I would much rather harness what they do and create value for my book of business rather than view it as some threat that I have to stop.”...
November 23, 2020
Coronavirus treatment
Corporate America volunteers to help Covid-19 vaccination effort
...“Distribution is still a huge problem, so it’s crucial to have as many points as possible for people to actually get vaccinated....
January 22, 2021
The Big Read
The next Big Tech battle: Amazon’s bet on healthcare begins to take shape
...“It’s like the App Store,” the AWS employee explains. “They review the stability of your application, make sure you’re not doing anything illegal, meeting all the regulations.”...
September 14, 2021
LexAnt Group
Ant Group: list and desist Premium content
...Again, restrictions on doing business with Ant would hurt US companies. America’s Vanguard has already set up an investment advisory partnership there with Ant....
October 8, 2020
Mergers & Acquisitions
The hedge fund that got wrecked by day traders Premium content
...Rothschild & Co has appointed Richard Luddington as a senior adviser....
January 28, 2021
ExplainerUK retail industry
Why UK supermarkets are not making super profits
...Absenteeism is now falling, but other costs associated with more ecommerce and changes to store operating processes, such as increased cleaning, will persist in the second half....
July 2, 2020
News in-depthBoots UK Ltd
Boots prepares for makeover as challenges mount
...Boots’ beauty business has been under attack from traditional rivals — supermarkets, discount stores and direct competitors such as Superdrug, which is backed by Li Ka-shing’s AS Watson retail business....
September 1, 2019

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