THE RETAIL BULLETIN - The home of retail news
Home Page
News Categories
Christmas Ads
Commentary
Department Stores
Electricals & Technology
Entertainment
Fashion
Food & Drink
General Merchandise
Grocery
Health & Beauty
Home & DIY
Interviews
People Matter
Property
Retail Business Strategy
Retail News
Retail Solutions
Shopping Centres, High Streets & Retail Parks
Sports & Leisure
Retail Events
People in Retail Awards 2023
Retail HR Central
Digital Transformation Strategy 2023
Retail Marketplace Strategy
Retail HR 2023
THE Retail Conference 2023
Customer Engagement Strategy 2023
Upcoming Retail Events
Past Retail Events
Retail Insights
Retail Solutions
Advertise
About
Contact
Subscribe for free
Terms and Policies
Privacy Policy
Walgreens Boots Alliance to sell the majority of wholesale business

Boots owner Walgreens Boots Alliance is to sell the majority of Alliance Healthcare to AmerisourceBergen in a deal worth around $6.5 billion. In a statement, Walgreens… View Article

HEALTH & BEAUTY

Walgreens Boots Alliance to sell the majority of wholesale business

Boots owner Walgreens Boots Alliance is to sell the majority of Alliance Healthcare to AmerisourceBergen in a deal worth around $6.5 billion.

In a statement, Walgreens Boots Alliance said the sale of the wholesale business will enable it to focus more on  expanding its core retail pharmacy businesses.

In addition, the two companies have agreed to extend and expand their commercial agreements. Their US distribution agreement will be extended by three years until 2029 while Alliance Healthcare UK will remain the distribution partner of Boots until 2031.

Stefano Pessina, executive vice chairman and chief executive of Walgreens Boots Alliance, said: “This strategic agreement with AmerisourceBergen, which we consider to be the world’s leading pharmaceutical wholesaler, is a very positive development for the two companies.

“This deal will enable significant value creation for both companies and will generate new synergies in addition to those already captured. It is a logical step following the success of our long-term strategic relationship with AmerisourceBergen which has been a strong and trusted partner since 2013

“The transaction will fuel higher future investments to grow and transform our core retail pharmacy and healthcare businesses, and is EPS accretive long-term for Walgreens Boots Alliance.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News