THE RETAIL BULLETIN - The home of retail news
HOME
Department Stores
Electricals
Entertainment
Fashion
Food & Drink
General Merchandise
Health & Beauty
Home & DIY
Interviews
Newsletter
Property
Shopping Centres & Retail Parks
Sports & Leisure
The Papers
RETAIL INSIGHTS
RETAIL SOLUTIONS
• The HR Summit 2019
• AI in Retail Conference 2019
• Omnichannel Futures Conference 2020
• Future of Customer Engagement 2020
ABOUT
CONTACT
SUBSCRIBE FOR FREE
Walgreens Boots Alliance to invest in Chinese pharmacy chain GuoDa

Walgreens Boots Alliance is to become an investor in China National Accord Medicines Corporation’s Guoda Drugstores chain which operates and franchises retail pharmacies across China. Following… View Article

HEALTH & BEAUTY

Walgreens Boots Alliance to invest in Chinese pharmacy chain GuoDa

Walgreens Boots Alliance is to become an investor in China National Accord Medicines Corporation’s Guoda Drugstores chain which operates and franchises retail pharmacies across China.

Following a public tender process, Walgreens Boots Alliance is to acquire a 40% minority stake in GuoDa through a capital increase worth RMB2.767 billion.

A leading retail pharmacy chain in China, GuoDa is keen to expand across the country. Walgreens Boots Alliance said it believes it is well positioned to provide the right expertise to GuoDa to support its growth ambitions.

Walgreens Boots Alliance executive vice chairman and chief executive Stefano Pessina said: “We are very pleased to become a strategic investor in GuoDa. It is China’s leading pharmacy chain and we believe that we can positively contribute to its continued successful development with our global pharmacy expertise. We have had a presence in China for around 10 years, initially through Alliance Boots, and we are excited about the opportunity to further invest in the country’s fast growing retail pharmacy sector.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

The HR Summit 2019
The HR Summit 2019
8 October 2019
Hallam Conference Centre, London W1W 6JJ
Company values, collaboration with employees and driving a major HR transformation to create a truly omnichannel experience, need to be at the heart of the organisation's culture and brand
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, London W1G 9DT
SENIOR-LEVEL FORUM FOR HEADS OF MARKETING, DIGITAL, ECOMMERCE AND CX
Omnichannel Futures Conference 2020
Omnichannel Futures Conference 2020
5 February 2020
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Future of Customer Engagement 2020
Future of Customer Engagement 2020
10 June 2020
Cavendish Conference Centre, London W1G 9DT
The 11th Annual Retail Customer Engagement Conference