Walgreens Boots Alliance (WBA) Says Thursday (March 6) that a definite agreement is entered in an entity associated with private equity firm Sycamore companions.
WBA will continue to operate under Walgreens,, Boots and its consumer brands; continue its head in the area of Chicago; And “it is better to set up to be the first choice for pharmacy, selling health and health services said on a Thursday Press release.
According to the usual conditions of closure, the transaction is expected to end in the fourth quarter, according to release.
The transaction will help the company “navigate the challenges of a fast-rapid development of the pharmacy and a more complex and complex retail field,” WBA CEO Tim Watworth said to release.
“As we progress against our ambitious strategy, the meaningful amount of production will take time, focus and Changing better management as a private company, “said Wentworth.” Sycamore will give us the skill and experience of a companion with a strong track record of successful turnounds. “
Sycamore specialist together, consumer and Investments related to distribution, according to release.
“Sycamore has deep respect for those with talented and dedicated WBA team members, and we are committed to company brands that Stefan Kaluzny said.” This transaction was based on the WBA pharmacy for patients, customers and Communities. “
It was reported in December that WBA and Sycamore discussed an agreement to see the PHARMAO OF SELLING The company sold by private justification company and that an agreement can be completed early this year.
Walgreens are pressed for the pharmacy business challenges and see the parts to climb for almost a decade.
Sycamore main deals include a $ 7 billion captured in staples in 2017, and its current investment includes brands of hot topic, Ann Taylor and Guys.
Wentworth says January to an income of WBA calling company tukor The process takes time and company officials work to reinforce the tingo pharmacy, optimizing the resettlement model.
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