Walgreens news and archive

Walgreens Boots Alliance lowers FY24 EPS outlook

Third quarter earnings per share (EPS) at Walgreens Boots Alliance (WBA) were 40 cents compared to 14 cents in the year-ago quarter. Adjusted EPS was 63 cents, down 36.6 percent on a constant currency basis. Third quarter sales increased 2.6 percent or 2.5percent on a constant currency basis to 36.4 billion dollars. The company is lowering...

Business

Walgreens presses pause on plans for Boots IPO

Walgreens Boots Alliance Inc. (WBA.O) has reportedly shelved its plans for a potential initial public offering (IPO) of UK-based drugstore chain Boots as it continues to explore other opportunities. On Friday afternoon, Bloomberg News reported that Walgreens Boots Alliance was continuing “informal talks with potential buyers” for Boots, which...

Business

Walgreens Boots Alliance CEO steps down, interim named

Rosaline Brewer, the chief executive officer of Walgreens Boots Alliance (WBA), has abruptly exited the role after coming to what was described to be a “mutually agreed” upon departure with the group’s board of directors. Brewer, who has also stepped down as a member of the board, had just been appointed to the helm of the healthcare and...

Business

Walgreens Boots Alliance reportedly cutting 10 percent of corporate jobs

Pharmaceutical group Walgreens Boots Alliance (WBA) has reportedly said that it would be cutting 10 percent of its corporate jobs as it looks to streamline operations. The company said that it would be eliminating 504 roles, many of which are believed to be based at the Deerfield and Chicago offices. In a statement to Reuters, the company noted...

BusinessFeatured

Boots possibly in store for eight billion pound deal as bidding deadline looms

As the bidding application deadline for UK pharmacy chain Boots wraps today, reports have said the retailer could pocket an eight billion pound deal following potential interest from “deep-pocketed investors”. The sale would dismantle the Walgreens Boots Alliance (WBA), which was established in 2014 following US drugstore group Walgreens’...

Business

Walgreens Boots Alliance CEO confirms exploration of possible Boots sale

During a presentation at the JPMorgan Annual Healthcare Conference, the chief executive officer of the Walgreens Boots Alliance, Rosalind Brewer, confirmed the group is “exploring strategic options” for Boots. Reports on the possibility of a sale of the UK pharmacy chain have been persistent as Walgreens continues its plans to expand its health...

People

Former Walgreens Boots beauty exec joins Zalando

Joanna Rogers will join online retailer Zalando from 1st March 2021 in the role of VP Beauty, reporting to SVP Supply, Boris Ewenstein. Rogers joins directly from the Walgreens Boots Alliance, where she was responsible for the 2.3 billion British pound beauty business in the UK since 2016. She transformed the business into a leading beauty...