Walgreens Explores Sale to Private Equity Firm Sycamore Partners

The struggling pharmacy giant is reportedly in advanced talks to go private, potentially reshaping its future operations and ownership of UK-based Boots.

Walgreens Boots Alliance is in negotiations with Sycamore Partners to take the company private in a deal that could be finalized early next year, according to reports.
The potential sale follows years of financial struggles, with Walgreens' market value plummeting from $100 billion in 2015 to around $9 billion today.
If the deal proceeds, Sycamore may sell off parts of Walgreens' business or partner with other investors, while the future of the UK-based Boots chain remains uncertain.
Walgreens recently announced plans to close 1,200 unprofitable stores over the next three years and has faced challenges from online competitors, low prescription reimbursement rates, and rising operational costs.
The news of the talks caused Walgreens' stock to surge by 18-20%, reflecting investor optimism about the potential sale and its implications for the company's restructuring.