Private equity swoops in as the pharmacy giant retreats from Wall Street after brutal years of store closures and losses.

Walgreens Boots Alliance (WBA) said on Friday that the struggling drug retailer’s shareholders approved its $10 billion ...

Shareholders of Walgreens Boots Alliance overwhelmingly approved the drugstore chain's $10 billion acquisition by private ...

The drugstore industry is facing competition from the likes of Amazon.com Inc., as well as pressure on pharmacy-reimbursement ...

The deal, announced on March 6, would allow Sycamore Partners to take Walgreens private. The drug-store chain expects the transaction to close in the third or fourth quarter of 2025.

“Having earned our consumers' trust, indeed our reason to exist, we also want to be accessible and convenient, but we need to be appropriately sized,” Tim Wentworth, who took over as Walgreens ...

Not too long after Tim Wentworth became CEO of Walgreens, he revealed a stunning figure: Roughly a quarter of the pharmacy chain's stores do not make money. On Tuesday, he said 1,200 of those ...

Walgreens CEO Tim Wentworth admitted in a recent fiscal report call that combatting shoplifting by locking up items has led to customer dissatisfaction.

Chief Executive Tim Wentworth said about a quarter of the company’s stores are unprofitable. Walgreens has been on a $1-billion cost-cutting spree.

Walgreens is struggling to deter shoplifting at its stores, according to CEO Tim Wentworth, who described it as "a hand-to-hand combat battle still, unfortunately." Wentworth spoke to analysts ...

In its earnings report for Fiscal Year 2024, which ended Aug. 31, Walgreens reported a $3 billion loss in the fourth quarter. Tim Wentworth, CEO of Walgreens' parent company, Walgreens Boots ...

Walgreens Boots Alliance shareholders gave the thumbs up to the private-equity buyout by Sycamore Partners, with about 96% of ...