DEERFIELD, Ill. — Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer’s appointment to succeed him as the company’s chief executive officer. A former CEO of Walmart’s Sam’s Club division and currently chief operating officer and group president at Starbucks Corp., Brewer will join WBA on March
DEERFIELD, Ill. — Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer’s appointment to succeed him as the company’s chief executive officer. A former CEO of Walmart’s Sam’s Club division and currently chief operating officer and group president at Starbucks Corp., Brewer will join WBA on March
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) will hold its virtual annual stockholders’ meeting on Jan. 28, 2021 at 8:00 a.m. CST. A live audio webcast of the meeting will be available through the WBA investor relations website at https://investor.walgreensbootsalliance.com. A replay of the meeting will be archived on the website for 12 months after the
Walgreens Boots Alliance and AmerisourceBergen earlier this month took the next but far from final step in their long-standing partnership, when the former agreed to sell the latter most of Alliance Healthcare. Valued at some $6.5 billion, the deal will bring AmerisourceBergen’s pharmaceutical distribution and health care solutions business to 13 countries, mostly in Europe,
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has made a majority investment in iA, a leading-edge provider of software enabled automation solutions for retail, hospital, federal health care and mail-order pharmacy markets. WBA’s investment will support iA’s expansion and further development of pharmacy automation solutions to benefit the entire pharmacy industry. For millions of Americans,
DEERFIELD, Ill. — Walgreens Boots Alliance and AmerisourceBergen yesterday took the next but far from final step in their long-standing partnership, when the former agreed to sell the latter most of Alliance Healthcare. Valued at some $6.5 billion, the deal will bring AmerisourceBergen’s pharmaceutical distribution and health care solutions business to 13 countries, mostly in
DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s first quarter profits beat analysts’ projections handily. The company’s adjusted earnings per share of $1.22 topped the forecast of $1.03. Revenue for the period ended November 30 rose 5.7% to $36.3 billion, driven by gains in U.S. store sales and wholesaling. “Our first quarter results exceeded expectations as
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and VillageMD announced that WBA has accelerated its investment in VillageMD to support the opening of 600 to 700 Village Medical at Walgreens primary care clinics in more than 30 U.S. markets within the next four years, with the intent to build hundreds more thereafter. Walgreens is the
VALLEY FORGE, Pa. — AmerisourceBergen Corp and Walgreens Boots Alliance (WBA) announced on Wednesday strategic agreements under which AmerisourceBergen will acquire the majority of WBA’s Alliance Healthcare businesses for approximately $6.5 billion, comprised of $6.275 billion in cash and 2 million shares of AmerisourceBergen common stock. Walgreens’ unit, Alliance Healthcare is one of the largest
Amid the coronavirus pandemic that never seems to end, several stories have captured the attention of those who follow the chain drug community. As of this writing, none is as compelling as the drama at Walgreens, where an ongoing shuffle at the very top levels of management has raised issues and questions for which there
As the least-revered year 2020 winds down, several questions emerge regarding the future of chain drug retailing in America. It’s not that the industry is shaky or uncertain going forward; rather it’s that America’s chain drug industry has changed — perhaps permanently. A scenario that was unimaginable a year ago now presents itself as a
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) announced on Monday the appointment of John Standley as president of Walgreens, effective immediately. He will lead all Walgreens operations, and will have responsibility for the development, growth and management of the business as the company continues to build on its leadership in the rapidly evolving healthcare sector.
Stefano Pessina’s decision to step down as Walgreens Boots Alliance’s chief executive officer has triggered speculation in the retail pharmacy and drug wholesaling sectors about the change, its timing and what it might portend for the company. Those who have followed WBA since its formation and, prior to that, Alliance Boots, which Pessina merged with
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) announced on Monday plans for a transition of leadership, to prepare for the appointment of a new chief executive officer as Stefano Pessina has decided to step down from that role. The board of directors will begin a search for a new CEO, and at the time of
