The Wall Street Journal recently reported that Walgreens is in talks to sell itself to private equity firm Sycamore Partners. “The Walgreens story has been very challenging,” said Brian Krawez, president and lead portfolio manager at Scharf Investments during an appearance on Reuters TV on December 10, 2024. Brian noted how the company’s market value has gone from over $100 billion in 2015 to around $8 billion prior to this story. While competitors such as CVS Health have expanded their business—CVS acquired health insurer Aetna and a pharmacy benefit manager, Walgreens has struggled. Brian offered that this rumored deal would be an “opportunity to get rid of the [unprofitable] stores and clean up the business.”

Go to Video

https://nz.finance.yahoo.com/video/sycamore-deal-could-revive-walgreens-212705151.html