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Walgreens Boots Alliance Inc Says Stefano Pessina Has Informed Board Of His Decision To Step Down As CEO
Walgreens Boots Alliance Says Meeting Held Between Co's Representatives, DOJ In June With Respect To Alleged Violations In Dispensing Prescription At Co's Locations
Walgreens Boots Says Reorganization Actions Will Impact More Than 4,000 Positions In UK
Walgreens Boots Alliance, Inc., is a holding company. The Company is a pharmacy-led health and wellbeing company. The Company operates through three segments: Retail Pharmacy USA, Retail Pharmacy International and Pharmaceutical Wholesale. The Retail Pharmacy USA segment consists of the Walgreen Co. (Walgreens) business, which includes the operation of retail drugstores, care clinics and providing specialty pharmacy services. The Retail Pharmacy International segment consists primarily of the Alliance Boots pharmacy-led health and beauty stores, optical practices and related contract manufacturing operations. The Pharmaceutical Wholesale segment consists of the Alliance Boots pharmaceutical wholesaling and distribution businesses. The Company's portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as global health and beauty product brands, including No7, Botanics, Liz Earle and Soap & Glory.
108 Wilmot Rd
James A. Skinner
Executive Chairman of the Board
Executive Vice Chairman of the Board and Chief Executive Officer
Global Chief Financial Officer, Executive Vice President
Co-Chief Operating Officer
Alexander W. Gourlay
Co-Chief Operating Officer
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Walgreens Boots Alliance Inc <WBA.O> said on Monday its biggest shareholder, Stefano Pessina, will step down as the chief executive officer after five years at the helm, during which the pharmacy group's value more than halved.
Walgreens Boots Alliance Inc said on Monday Chief Executive Officer Stefano Pessina has decided to step down and will assume the role of executive chairman in the company.
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Walgreens Boots Alliance Inc <WBA.O> said on Thursday it would close stores, cut jobs and suspend share repurchase as the coronavirus crisis hammered its ailing Boots UK division, leading to a $2 billion impairment charge in the third quarter.
Walgreens Boots Alliance Inc on Thursday reported a loss for the third quarter compared with a profit a year earlier, hurt by non-cash impairment charges of $2 billion as COVID-19 dirupted business at its Boots UK division.
Walgreens Boots Alliance Plc <WBA.O> said on Wednesday it had partnered with primary care provider VillageMD to open doctor offices attached to its drugstores across the United States, as the pharmacy chain looked to expand its healthcare services.
Walgreens Boots Alliance Inc said on Monday it has resumed vaccination services at its pharmacies ahead of the upcoming flu season, which health officials have warned may coincide with a second wave of COVID-19 cases.
Tesco's <TSCO.L> finance chief, who helped steer the group from an accounting scandal to a successful turnaround, is to retire, setting the stage for an entirely new top executive team at Britain's biggest retailer by next May.
Drugstore chain Walgreens Boots Alliance Inc <WBA.O> said it would resume standard operating hours at most of its stores across the United States, beginning Tuesday.
AmerisourceBergen Corp <ABC.N>, one of the largest U.S. drug distributors, has approached Walgreens Boots Alliance Inc <WBA.O> to explore a deal for its pharmaceutical wholesaling division, people familiar with the matter said on Monday.
* WALGREENS TO FURTHER EXPAND COVID-19 TESTING WITH PLANS TO OPEN DRIVE-THRU LOCATIONS IN 49 U.S. STATES AND PUERTO RICO
Walgreens Boots Alliance is launching 15 "drive-thru" testing sites for coronavirus infections, the company said on Tuesday, as it follows up on a pledge it made to work with the Trump Administration on expanding diagnostic centers.
Shares of Walgreens Boots Alliance Inc <WBA.O> fell 6% on Thursday after the drugstore retailer reported a steep decline in U.S. same-store sales in the last week of March as customers stayed indoors due to the coronavirus outbreak.
The U.S. Supreme Court on Monday handed a victory to Walgreens, turning away an appeal by a fired former Florida employee of the pharmacy chain who asked not to work on Saturdays for religious reasons as a member of the Seventh-day Adventist Church.
Britain's biggest retailer Tesco <TSCO.L> will have to wait until October before its new boss can start after his former employer Walgreens Boots Alliance <WBA.O> insisted he see out a non-compete agreement.
Walgreens Boots Alliance Inc's <WBA.O> quarterly profit missed Wall Street estimates on Wednesday, hit by lower payments from insurers on drugs sold at its U.S. pharmacies, knocking back its shares and those of rival CVS Health Corp <CVS.N>.
Drugstore chain Walgreens Boots Alliance Inc posted a 24.8% drop in quarterly profit on Wednesday, hurt by higher costs related to its acquisition of stores from rival Rite Aid Corp
Local governments in regions hard hit by the U.S. opioid epidemic have opted out of massive litigation taking aim at the drug industry over the crisis, potentially weakening a novel legal mechanism created to help settle thousands of lawsuits.
Walgreens Boots Alliance Inc <WBA.O> has been exploring whether to go private following private equity interest in the U.S drug store chain, which has a market value of more than $55 billion, according to people familiar with the matter.
The following bids, mergers, acquisitions and disposals were reported by 2130 GMT on Tuesday:
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