Walgreens Looks To Capitalize On “Expertise” Of British Retailer Boots
This article was originally published in The Rose Sheet
Walgreens looks to leverage private-label brands and know-how of British retailer Alliance Boots GMBH, in which it recently acquired a 45% stake. Walgreen’s increasing interest in private label “does not bode well for many of Walgreens' suppliers,” according to Euromonitor.
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Walgreens is acquiring 45% of the U.K.-based international retailer and wholesaler Alliance Boots, which runs pharmacies in 11 countries, with an option to acquire the entire firm in three years.
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