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Tag: Stefano Pessina

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Walgreens Boots Alliance to acquire 40 percent minority stake in Chinese retail pharmacy chain Guoda Drugstores Co., Ltd.

DEERFIELD, Ill., 2017-Dec-07 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today (December 06, 2017) announces that it has reached an agreement with China National Accord Medicines Corporation Ltd. to become an investor in its subsidiary Sinopharm Holding Guoda Drugstores Co., Ltd. (“GuoDa”), which operates and franchises retail pharmacies across China. Following a…
December 7, 20170Comments

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Business Healthcare Management Retail Retailer

Regulatory clearance for Walgreens Boots Alliance’s purchase of 1,932 stores, 3 distribution centers and related inventory from Rite Aid

Hart-Scott-Rodino waiting period expires for amended purchase agreement with Rite Aid Final transaction includes 1,932 stores and related assets for $4.375 billion in cash Store purchases expected to begin in October with completion anticipated in spring 2018 Walgreens Boots Alliance expects to realize more than $300 million in annual synergies within four…
September 20, 20170Comments

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Business Management Outlet Retail Retailer

Walgreens Boots Alliance to purchase 2,186 stores, three distribution centers and related inventory from Rite Aid

New agreement replaces previous merger agreement with Rite Aid and proposed divestiture transaction with Fred’s DEERFIELD, Ill., 2017-Jul-02 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today (June 29, 2017) a new definitive agreement with Rite Aid Corporation under which Walgreens Boots Alliance will purchase 2,186 stores, three distribution centers and related…
July 2, 20170Comments

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Business Healthcare Management Retail Retailer

Walgreens Boots Alliance CEO Stefano Pessina to participate at the 2017 UBS Global Healthcare Conference

DEERFIELD, Ill., 2017-May-17 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) announced today ( May 16, 2017) that Executive Vice Chairman and CEO Stefano Pessina will participate in a fireside chat at the 2017 UBS Global Healthcare Conference at the Grand Hyatt in New York City on Tuesday, 23 May at 10:30…
May 17, 20170Comments

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Business Management Retail Retailer

Walgreens Boots Alliance and Rite Aid Corporation certified substantial compliance with Request for Additional Information

Deerfield, Ill. and Camp Hill, Pa., 2017-May-09 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) today announced that they have certified substantial compliance with the Request for Additional Information (the "Second Request") from the United States Federal Trade Commission (FTC) regarding their merger agreement under which Walgreens…
May 9, 20170Comments

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Business Healthcare Management Retail Retailer

Walgreens Boots Alliance to host live webcast of its annual meeting of stockholders on 26 January 2017

DEERFIELD, Ill., 2017-Jan-19 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) will provide a live webcast of its annual meeting of stockholders beginning at 8:30 a.m. Eastern time on Thursday, 26 January 2017. The meeting will be held at Park Hyatt New York, 153 W. 57th St., New York. The meeting’s webcast will…
January 19, 20170Comments

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Business Financial Healthcare Management Retail Retailer

Walgreens Boots Alliance announces financial results for the 1Q of fiscal 2017

First quarter highlights GAAP diluted net earnings per share decrease 4.0 percent from the year-ago quarter, to $0.97; Adjusted diluted net earnings per share increase 6.8 percent to $1.10, up 9.7 percent on a constant currency basis GAAP net earnings attributable to Walgreens Boots Alliance decrease 5.0 percent from the year-ago quarter to $1.1…
January 10, 20170Comments

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Business Healthcare Management Retail Retailer

Walgreens Boots Alliance to present at the 35th Annual J.P. Morgan Healthcare Conference

DEERFIELD, Ill., 2017-Jan-05 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) Executive Vice Chairman and CEO Stefano Pessina, and Co-Chief Operating Officer Alex Gourlay, will participate at the 35th Annual J.P. Morgan Healthcare Conference. Pessina and Gourlay are scheduled to appear at 10:30 a.m. Pacific time (1:30 p.m. Eastern time) on Wednesday,…
January 5, 20170Comments

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Business Financial Healthcare Management Retail Retailer

Walgreens Boots Alliance to sell 865 Rite Aid stores to Fred’s, Inc. for $950 million

Deerfield, Ill., and Camp Hill, Pa., 2016-Dec-21 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) and Rite Aid Corporation (NYSE: RAD) announced today (20 December 2016 ) they have entered into an agreement to sell 865 Rite Aid stores and certain assets related to store operations to Fred's, Inc. (Nasdaq: FRED) for $950…
December 21, 20160Comments

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Business Financial Healthcare Management Retail Retailer

Walgreens Boots Alliance CEO Stefano Pessina on Q4 and FY 2016: We have continued to make good progress

DEERFIELD, Ill., 2016-Oct-23 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today (20 October 2016) announced financial results for the fourth quarter and fiscal year 2016 that ended 31 August 2016. Executive Vice Chairman and CEO Stefano Pessina said, “We have continued to make good progress in putting in place the building blocks for…
October 22, 20160Comments

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Business Management Retail Retailer

Walgreens Boots Alliance announces changes to its senior management roles and responsibilities

DEERFIELD, Ill., 2016-Jun-09 — /EPR Retail News/ — Walgreens Boots Alliance today announced changes to its senior management roles and responsibilities as part of the next phase of evolution. This follows the successful integration of Walgreens and Alliance Boots to create Walgreens Boots Alliance, Inc. (Nasdaq: WBA). In order to provide even greater focus and collaboration and…
June 9, 20160Comments

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Business Financial Management Retail Retailer

Walgreens Boots Alliance, Inc. to host live webcast of its annual meeting of stockholders on Wednesday, 27 January 2016

DEERFIELD, Ill., 2016-Jan-26 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq:WBA) will provide a live webcast of its annual meeting of stockholders beginning at 9 a.m. Eastern time on Wednesday, 27 January 2016. The meeting will be held at Park Hyatt New York, 153 W. 57th St., New York. The meeting’s webcast will be available…
January 26, 20160Comments

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Business Financial Management Retail Retailer

Walgreens Boots Alliance announces financial results for the first quarter 2016 that ended 30 November 2015

Adjusted first quarter net earnings attributable to Walgreens Boots Alliance per diluted share increase 32.1 percent to $1.03 compared with the year-ago period; GAAP net earnings attributable to Walgreens Boots Alliance per diluted share increase 13.5 percent to $1.01 Adjusted first quarter net earnings attributable to Walgreens Boots Alliance increase 51.1 percent to $1.1 billion…
January 11, 20160Comments

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Business Healthcare Management Retail Retailer

Walgreens Boots Alliance to acquire all outstanding shares of U.S. retail pharmacy chain Rite Aid for approximately $17.2 billion

Acquisition furthers Walgreens Boots Alliance's commitment to accessible, affordable, quality healthcare in the U.S. and advances consumer access to pharmacy-led health and wellbeing Acquisition underscores Walgreens Boots Alliance's global approach to growth opportunities Rite Aid shareholders to receive $9.00 per share in cash, a premium of 48 percent to the closing price on 26 October…
October 28, 20150Comments

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Business Healthcare Management Retail Retailer

Walgreens Boots Alliance highlights plan for value creation after completing strategic combination of Walgreen Co. and Alliance Boots GmbH in December 2014

Leadership team highlights plan for value creation after completing strategic combination of Walgreen Co. and Alliance Boots GmbH in December 2014 DEERFIELD, Ill., 2015-4-17 — /EPR Retail News/ — At its 2015 Analyst Day in New York City today, the leadership team of Walgreens Boots Alliance, Inc. (Nasdaq: WBA) outlined the key business drivers that will…
April 17, 20150Comments

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Business Healthcare Management Retail Retailer

Walgreens President and CEO Greg Wasson to retire after the close of the second step of the Alliance Boots transaction

Upon transaction close, Chairman James Skinner to become Executive Chairman of Walgreens Boots Alliance and Stefano Pessina, Executive Chairman of Alliance Boots, to serve as Acting CEO, pending board search for successor William Foote will serve as the lead independent director of the Walgreens Boots Alliance board of directors DEERFIELD, Ill., 2014-12-11 — /EPR Retail…
December 11, 20140Comments

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