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Walgreens in talks for a potential private equity buyout
Well, there goes the Walgreens a block away from us. They already have tons of stuff locked away behind plastic doors to prevent theft. Life just gets better and better.
The last Walgreen (Charles III) involved in the senior management of the Chicago-area fallen icon Walgreens/WBA was in 2010. The apostrophe in Walgreen's has come & gone.
The Executive Chairman Stefano Pessina (Italy) owns 10% of WBA. He was previously the Chairman of Alliance Boots that became part of WBA (ticker changed from WAG). His wife Ornella Barra (Italy), owns 0.20%. She is the International COO of WBA. Definition of a high power couple fits them.
John Lederer of Sycamore Partners serves in the WBA Board (2015- ). He is the former Chairman and CEO of Duane Reade that Walgreens bought.
I wonder if all the little mom & pop drugstores that were taken out by the likes of Walgreens and CVS are having a bit of a laugh at this development. Still sucks usually for the current employees and the folks who depend on these stores remaining open. History suggests that's not generally likely with private buyouts.
No love here for those big chains. Let them suck dirt. Just switched from Long's/CVS to Walgreen's, but don't expect much improvement. At least the employee on the phone speaks English. Long's just wasn't paying attention, refused to acknowledge mistakes, even hung up on me. I don't deserve that. Go lick scum, you doinks.... so, will the walgreen's i moved to be there after the coming store eliminations? perhaps. it is located in a well-to-do little town, over the hill from me. kailua. ... don't want to have to go to kaneohe. it's further. https://en.wikipedia.org/wiki/Kailua,_Hawaii
@Crash The 'Big Chains'. By the end of September, all 186 Rite Aid stores closed in Michigan. While this may be a blip in the corporate world, this caused problems in the small communities. Rite Aid was the place to have a medical prescription filled, from the local doctor; or to receive an immunization. Also, where one could purchase OTC meds, buy TP or a 12 pack of beer; and many household items. A retail store/grocery store, etc. And don't forget about the folks who no longer had employment. I'm sure this isn't a problem in and around Hono, eh?
yes, people will lose jobs. that stinks. lately, i feel inured to such things. it's just motherloving private capitalism. no one seems to want to try anything different... every 2 or 4 years, people just switch flavors, from r to d and then back again. uemployment rate on oahu ----october, '24---- is 2.8 percent. https://fred.stlouisfed.org/series/HIHONO7URN
Comments
The Executive Chairman Stefano Pessina (Italy) owns 10% of WBA. He was previously the Chairman of Alliance Boots that became part of WBA (ticker changed from WAG). His wife Ornella Barra (Italy), owns 0.20%. She is the International COO of WBA. Definition of a high power couple fits them.
John Lederer of Sycamore Partners serves in the WBA Board (2015- ). He is the former Chairman and CEO of Duane Reade that Walgreens bought.
If this deal with Sycamore goes through, look at all the familiar faces that Walgreens will see there.
https://en.wikipedia.org/wiki/Sycamore_Partners
WBA spiked on this news, but it's far-far from its all-time high of 67 in 2015.
https://stockcharts.com/h-sc/ui?s=WBA&p=D&yr=1&mn=0&dy=0&id=p07109450370
https://www.macrotrends.net/stocks/charts/WBA/walgreens/stock-price-history
https://en.wikipedia.org/wiki/Kailua,_Hawaii
https://fred.stlouisfed.org/series/HIHONO7URN
Glad my pharmacist friend sold out to one of them years ago