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Alliance Boots

Reports: WBA in talks to buy AmerisourceBergen

Reports: WBA in talks to buy AmerisourceBergen

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports. Representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen chairman and CEO Steven Collis several weeks ago, The Wall Street Journal reported, citing people familiar

Marking Walgreens’ retail transformation

Marking Walgreens’ retail transformation

Executives from Walgreens Boots Alliance, Walgreens and many of its suppliers were feted at a reception celebrating Chain Drug Review’s  publication in December of a special report on the retailer’s recent changes and its positioning for the future. The event was held at the Chicago Marriott Suites in Deerfield, Ill., near the Walgreens headquarters. The

Operations award goes to Richard Ashworth

Operations award goes to Richard Ashworth

DEERFIELD, Ill. — As president of pharmacy and retail operations at Walgreens, Richard Ashworth has helped point the chain in a new direction. The change, both at the company’s support office and in stores, has given the retailer a major boost. Measures ranging from net promoter scores to on-time prescriptions to in-stock levels are up

Walgreens Boots Alliance posts 3Q gains

Walgreens Boots Alliance posts 3Q gains

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) saw sales and adjusted net earnings rise in its fiscal 2016 third quarter, with adjusted earnings per share exceeding Wall Street’s consensus forecast. WBA said Wednesday that its pending acquisition of Rite Aid Corp. remains on track for completion in the second half of this year, and it

AmerisourceBergen, WBA extend relationship

AmerisourceBergen, WBA extend relationship

VALLEY FORGE, Pa. — AmerisourceBergen Corp. has extended its strategic partnership with Walgreens Boots Alliance (WBA) Inc. for another three years. AmerisourceBergen said Thursday that its drug distribution contract with WBA and relationship with Walgreens Boots Alliance Development (WBAD) have been lengthened to 2026. AmerisourceBergen and then-merger partners Walgreen Co. and Alliance Boots had announced

Ex-Walgreens CFO Miquelon joins Jo-Ann Stores

Ex-Walgreens CFO Miquelon joins Jo-Ann Stores

HUDSON, Ohio — Former Walgreen Co. executive vice president and chief financial officer Wade Miquelon has joined Jo-Ann Fabric and Craft Stores, where he will hold the same title. The fabric and craft specialty retailer, which has 850 stores in 49 states, said Miquelon lead the finance organization, real estate, information technology and general counsel.

WBA increases its stake in AmerisourceBergen

WBA increases its stake in AmerisourceBergen

DEERFIELD, Ill. — As part of a long-term partnership announced three years ago, Walgreens Boots Alliance (WBA) is enlarging its equity stake in AmerisourceBergen. WBA said Friday that it has exercised warrants to buy more than 22,696,912 shares of AmerisourceBergen common stock for about $1.17 billion. The transaction was funded with cash on hand, and

Pessina: U.S. market WBA’s ‘greatest opportunity’

Pessina: U.S. market WBA’s ‘greatest opportunity’

NEW YORK — Walgreens Boots Alliance’s deal to acquire Rite Aid and partnership with Valeant Pharmaceuticals will build on WBA’s strong start in its first full year as a unified company, executive vice chairman and CEO Stefano Pessina said here at the annual shareholders meeting. “I am happy to say that we are on track

WBA starts off fiscal 2016 on strong note

WBA starts off fiscal 2016 on strong note

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) topped Wall Street’s earnings projections for its fiscal 2016 first quarter. WBA said Thursday that for the first quarter ended Nov. 30, 2015, adjusted net earnings attributable to Walgreens Boots Alliance were $1.13 billion, or $1.03 per diluted share, compared with $749 million, or 78 cents per diluted

Retailer of Year honors go to Pessina

DEERFIELD, Ill. — When asked what motivates him, Stefano Pessina, the driving force behind the creation of Walgreens Boots Alliance (WBA), says simply, “I like to build things.” The understated elegance of the response typifies the man, but it underplays the magnitude of his achievement. A savvy dealmaker, Pessina, who has a degree in nuclear

Transformative changes the norm at Walgreens

Transformative changes the norm at Walgreens

DEERFIELD, Ill. — The acquisition of Rite Aid Corp. culminates sweeping change at Walgreens in the space of a little over three years. In linking its fortunes, starting in June 2012, to Alliance Boots GmbH and its dynamic leader, Stefano Pessina, the chain adopted a global outlook focusing simultaneously on scale and ­efficiency. Its merger

Pessina motivates WBA to reach for more

Pessina motivates WBA to reach for more

Stefano Pessina is once again changing the face of community pharmacy. Three years after Alliance Boots, the global retail and distribution powerhouse he created, entered into a partnership with Walgreens, and less than a year after the two companies finalized their merger, Pessina has struck another deal that will reverberate throughout the U.S. health care

As permanent CEO, Pessina brings stability to WBA

As permanent CEO, Pessina brings stability to WBA

DEERFIELD, Ill. — As chief executive officer of Walgreens Boots Alliance Inc. (WBA), Stefano Pessina says he will provide management stability, enabling the company to focus on its operational and strategic tasks. He says the WBA board appointed him CEO (he had been in the role on an interim basis), rather than choose a new

How suppliers can help Walgreens amp up beauty care

How suppliers can help Walgreens amp up beauty care

DEERFIELD, Ill. — Selling into a retail chain as large as Walgreens can be a formidable challenge for even the largest supplier, let alone a fledgling player. To help smooth the path, Shannon Curtin, Walgreens’ group vice president and general merchandise manager for beauty and personal care, recently offered a primer on how to partner