GuoDa Drug Store Archives - CDR

WBA scales back stake in China joint venture

December 22, 2017 by Chain Drug Review Guangzhou Baiyunshan Pharmaceutical Holdings, Guangzhou Pharmaceuticals, GuoDa Drug Store, Sinopharm, Walgreens Boots AllianceWalgreens Boots Alliance Business, Leading Headlines, Retail News

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to reduce its interest in Guangzhou Pharmaceuticals Corp., a pharmaceutical wholesale joint venture in China. WBA said Friday that, under the agreement, it will sell a 30% stake in Guangzhou Pharmaceuticals to Guangzhou Baiyunshan Pharmaceutical Holdings. After the proposed sale, which is pending regulatory approval and other

WBA to buy stake in China’s GuoDa drug chain

December 4, 2017 by Chain Drug Review GuoDa, GuoDa Drug Store, Sinopharm Holding GuoDa Drug Store Co., Stefano Pessina, Walgreens Boots Alliance Business, Issue 12-11-2017, Leading Headlines, News, Retail News

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) plans to pay about $416 million to acquire a 40% stake in Sinopharm Holding GuoDa Drug Store Co. WBA confirmed the deal on Monday. GuoDa is the largest retail pharmacy operator in China, with nearly 3,700 stores. With stores in 70 major cities across the country, GuoDa is