Walgreens lost decade How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble

Image for article Walgreens lost decade How M&A mania and retail neglect shrunk a $100 billion giant to a $10 billion private equity gamble
News Source : Fortune

News Summary

  • Walgreens Boots Alliance CEO Tim Wentworth made a comment that earned him countless headlines
  • Wentworth: “When you lock things up, you don’t sell as many of them
  • We’ve kind of proven that pretty conclusively
  • ” In 2024, Walgreens drugstores generated non-pharmacy revenue of some $27 billion
In hindsight, it was an exchange that encapsulated years of shopper frustration.On an earnings call in January, a Wall Street analyst asked Walgreens Boots Alliance CEO Tim Wentworth about his effort [+16102 chars]

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