Thursday, October 16, 2025
  • Login
CEO North America
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel
No Result
View All Result
CEO North America
No Result
View All Result

CEO North America > Business > Industry > Drugstores out of order

Drugstores out of order

in Business, Industry
Drugstores out of order
Share on LinkedinShare on WhatsApp

Drugstore chains like Walgreens are facing a downfall.

Walgreens will close about 600 drugstores as part of its deal to buy nearly 2,000 Rite Aid locations, the chain announced.

- Drugstores out of order
The Rite Aid Acquisition in Detail. Vía Market Realist and WBA.

Walgreens Boots Alliance Inc. is in the process of acquiring 1,932 Rite Aid stores as part of a US$4.4 billion deal expected to be complete by the spring of 2018.

Through a press release, Walgreens stated it had secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corporation.

Action against the downfall

As part of the process, Walgreens said it will close 600 stores, mostly Rite Aid locations within a mile of another store.

Some Walgreens stores will be closing as well, the company added.

The consideration for the transaction will now be $4.375 billion in cash, the assumption by Walgreens Boots Alliance of the related real estate leases and the grant of the option to Rite Aid.

Executive Vice Chairman and CEO of Walgreens Boots Alliance, Stefano Pessina, declared “This is a significant moment for our company, and we are excited about the opportunities this agreement will deliver for our customers and patients, employees and investors.”

Leading the industry

The top three drugstore companies in the United States, by store count, are Walgreens Boots Alliance (WBA), CVS Health (CVS), and Rite Aid (RAD), which account for more than 75% of the US pharmacy market share, according to Euromonitor.

Tags: DrugstoresPharmacyWallgreens

Related Posts

Figure Technologies set to increase IPO
Business

Figure Technologies set to increase IPO

Yum! Brands announces key leadership appointments under new CEO
Business

Yum! Brands announces key leadership appointments under new CEO

Nebius announces $19.4 billion agreement with Microsoft
Business

Nebius announces $19.4 billion agreement with Microsoft

Dick’s Sporting Goods completes $2.4 billion Foot Locker acquisition
Business

Dick’s Sporting Goods completes $2.4 billion Foot Locker acquisition

Lululemon stock falls after holiday guidance
Business

Lululemon reduces earnings forecast, expects $240 million tariff impact

Judgement day for Musk
Business

Tesla requests investor approval for nearly $1 trillion in pay package

The wage lifecycle is more complex than you think.
Management & Leadership

The wage lifecycle is more complex than you think.

Goldman Sachs reports 22% jump in profits
Business

Goldman to purchase $1 billion worth of T. Rowe stock

American Eagle celebrates payoff from controversial marketing campaign
Business

American Eagle celebrates payoff from controversial marketing campaign

Small businesses are facing big shifts. Here’s a roadmap to adapt
Business

Small businesses are facing big shifts. Here’s a roadmap to adapt

No Result
View All Result

Recent Posts

  • What Is the US Economy’s Potential Growth Rate?
  • Thirsty AI mega projects raise alarm in some of Europe’s driest regions
  • Salesforce posts Q2 win, increases 2030 forecast
  • Gold rises 5% to reach another record high
  • CEOs of Wells Fargo and Pfizer call on the U.S. to promote innovation

Archives

Categories

  • Art & Culture
  • Business
  • CEO Interviews
  • CEO Life
  • Editor´s Choice
  • Entrepreneur
  • Environment
  • Food
  • Health
  • Highlights
  • Industry
  • Innovation
  • Issues
  • Management & Leadership
  • News
  • Opinion
  • PrimeZone
  • Printed Version
  • Technology
  • Travel
  • Uncategorized

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

  • News
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life

  • CONTACT
  • GENERAL ENQUIRIES
  • ADVERTISING
  • MEDIA KIT
  • DIRECTORY
  • TERMS AND CONDITIONS

Advertising –
advertising@ceo-na.com

110 Wall St.,
3rd Floor
New York, NY.
10005
USA
+1 212 432 5800

Avenida Chapultepec 480,
Floor 11
Mexico City
06700
MEXICO

CEO North America © 2024 - Sitemap

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Business
    • Entrepreneur
    • Industry
    • Innovation
    • Management & Leadership
  • CEO Interviews
  • Opinion
  • Technology
  • Environment
  • CEO Life
    • Art & Culture
    • Food
    • Health
    • Travel

© 2025 JNews - Premium WordPress news & magazine theme by Jegtheme.