Walgreens to Be Acquired in Up to $24 Billion Deal (What Does That Mean for Shoppers?)
Walgreens will soon be acquired – what does that mean for its customers?
On March 6th, Walgreens announced that they are choosing to go private as a result of an agreement to be acquired by Sycamore Partners, a private equity firm specializing in retail, consumer, and distribution-related investments. Walgreens has been a public onlinepany since 1927.
In October 2024, Walgreens announced the possible closures of up to 1,200 stores, and unfortunately, more store closures are expected under this deal due to challenges in the healthcare and pharmacy sectors.
So, while this acquisition marks the end of Walgreens’ nearly 100 years of being a publicly traded onlinepany, its legacy will live on despite more store closures expected to be onlinepleted by 2027.
