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WBA

A new era dawns for chain drug retailing

A new era dawns for chain drug retailing

Like the mythical phoenix, the chain drug industry finds itself in the midst of a cycle of death and rebirth. The business model that has sustained the sector for decades is now under severe strain, with relentless reimbursement pressure in the pharmacy department, declining store traffic, and increased competition from traditional rivals and e-commerce retailers

Alphega Rx network empowered by WBA

Alphega Rx network empowered by WBA

MONTE CARLO, Monaco — Retail pharmacies are confronted with the challenge of making profound changes at an unprecedented pace. Demographic trends, cost pressures, and advances in heath care science and technology compel pharmacy chains and independents alike to rethink their business model and their relation to patients and business partners. Walgreens Boots Alliance is in

WBA makes key leadership appointments

WBA makes key leadership appointments

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. on Thursday named five executives to newly created leadership roles at the company. Appointed were: Gunjan Bhow to global chief digital officer. Heather Dixon to global controller and chief accounting officer. Vineet Mehra to global chief marketing officer. Annie Murphy to global chief commercial officer. Colin Nelson to

WBA has “most difficult quarter” in its history

WBA has “most difficult quarter” in its history

DEERFIELD, Ill. — Promising an aggressive response to “the most difficult quarter” Walgreens Boots Alliance Inc. has had since its creation, executive vice chairman and CEO Stefano Pessina said the company will make “a number of senior appointments,” among other changes. Pessina made the comments in response to a 14.3% drop in second quarter net

WBA names Dixon global controller

WBA names Dixon global controller

DEERFIELD, Ill. — Heather Dixon has been named senior vice president, global controller and chief accounting officer by Walgreens Boots Alliance Inc, effective March 18. Dixon will join WBA from Aetna Inc., where she had been vice president, controller and chief accounting officer since 2017, and prior to that, assistant controller. Before that, she served

WBA joins Microsoft in health care partnership

WBA joins Microsoft in health care partnership

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and Microsoft Corp. have teamed up to develop new health care delivery models, technology and retail innovations to advance and improve the future of health care. The companies will combine the power of Microsoft Azure, Microsoft’s cloud and artificial intelligence platform, health care investments, and new retail solutions

WBA reaping rewards of partnerships

WBA reaping rewards of partnerships

SAN FRANCISCO — During a fireside chat at the annual J.P. Morgan Healthcare Conference here earlier this month, Walgreens Boots Alliance (WBA) co-chief operating officer Alex Gourlay spoke to the number of partnerships the company has brought to the marketplace as well as the future of health care. WBA has always viewed vertical integration positively,

WBA tabs three global executives

WBA tabs three global executives

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) recently announced three global leadership appointments. Vineet Mehra will be joining WBA as global chief marketing officer. He will be based at corporate headquarters here and will report to WBA co-chief operating officers Ornella Barra and Alex Gourlay. As global CMO, Mehra will be responsible for the visioning,

WBA names global executives

WBA names global executives

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. has announced three global leadership appointments. Vineet Mehra will be joining WBA as global chief marketing officer.  He will be based at corporate headquarters in Deerfield and report to WBA co-chief operating officers Ornella Barra and Alex Gourlay. As global CMO, Mehra will be responsible for the visioning, leadership, strategic

WBA is listed on the Dow

WBA is listed on the Dow

NEW YORK — Walgreens Boots Alliance (WBA) late last month took its place alongside Boeing, Merck & Co., Walmart and other large, publicly traded U.S. companies that comprise the Dow Jones industrial average, the stock index that tracks daily trading in 30 of the world’s best-known blue chips. General Electric Co. was dropped to make

Pessina on road ahead for WBA

Pessina on road ahead for WBA

NEW YORK — Walgreens Boots Alliance executive vice chairman and chief executive officer Stefano Pessina urged analysts not to think they can see the future of Walgreens simply by visiting the company’s new pilot stores in Gainesville, Fla. “Let’s be clear,” Pessina said during a sell-side analyst event in New York last month. “Gainesville today

Rite Aid finishes store transfers to WBA

CAMP HILL, Pa. — Rite Aid Corp. has completed the transfer of 1,932 stores purchased by Walgreens Boots Alliance Inc. The transfer of three distribution centers and related inventory is expected to begin after September 1. The majority of the closing conditions of WBA’s $4.375 billion acquisition of the stores and warehouses have been satisfied,

More Rite Aid stores transferred to Walgreens

More Rite Aid stores transferred to Walgreens

CAMP HILL, Pa. — Rite Aid Corp. is winding down its asset sale to Walgreens Boots Alliance (WBA) with the ownership transfer of 537 more stores. Rite Aid said Tuesday that as of March 2, it has transferred 1,651 stores and related assets to WBA for cash proceeds of $3.6 billion. The process has progressed

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

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