Reported 16 days ago
Sycamore Partners is in discussions to acquire Walgreens Boots Alliance, a struggling drugstore chain. The New York-based private equity firm aims to take Walgreens private, as the company's stock has experienced a sharp decline over the past year, recently jumping by 28% on news of the potential acquisition. Walgreens has faced significant challenges, including a $3 billion loss and plans to close 1,200 stores, amid increasing competition from online retailers.
Source: YAHOO