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Sunshine (she/her)@lemmy.ca to politics @lemmy.world · 4 months ago

Walgreens agrees to acquisition by private equity firm for almost $10 billion

www.pbs.org

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Walgreens agrees to acquisition by private equity firm for almost $10 billion

www.pbs.org

Sunshine (she/her)@lemmy.ca to politics @lemmy.world · 4 months ago
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Walgreens Boots Alliance says it has agreed to be acquired by private equity firm Sycamore Partners as the struggling retailer looks to turn itself around after years of losing money.
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  • futatorius@lemm.ee
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    30 days ago

    deleted by creator

    • Fredthefishlord@lemmy.blahaj.zone
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      4 months ago

      Good.

      • Corkyskog@sh.itjust.works
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        4 months ago

        Why? Then the only option will be CVS and they suck hardest of all.

        • Fredthefishlord@lemmy.blahaj.zone
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          4 months ago

          They both need to be burned to the ground.

  • ToadOfHypnosis@lemm.ee
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    16 days ago

    deleted by creator

    • SoftestSapphic@lemmy.world
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      4 months ago

      The excess wealth of the rich needs to be perpetually redistribed.

  • InverseNurse@lemm.ee
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    4 months ago

    Everything is coming down to privatization for the land grab. I give it a year before they’re out of business.

  • garretble@lemmy.world
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    4 months ago

    Private equity, huh?

    Walgreens has about two year left before shutting down.

    • bluemellophone@lemmy.world
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      4 months ago

      Well, it took private equity over a decade to eventually kill Toys ”R” Us. Two years would be speed running their demise.

      • kkj@lemmy.dbzer0.com
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        4 months ago

        Walgreens is in much worse shape than TRU was, though.

    • jordanlund@lemmy.worldM
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      4 months ago

      Start the clock…

      Although… my company went that route and ended up being sold to a big tech company, so there can be happy endings…

  • djsoren19@lemmy.blahaj.zone
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    4 months ago

    Good, hope they strip it to the bone. Ever since they started locking up anything and everything in their store, I’ve tried to use them less and less. They’re one of the biggest proponents on the side of the insane narrative that shoplifting is destroying American businesses, even though last I checked they were happy to engage in massive amounts of wage theft.

    • bluemellophone@lemmy.world
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      4 months ago

      You think being sold to private equity is going to make them remove the shelf locks?

      • Jhex@lemmy.world
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        4 months ago

        No, they’ll be dismantled and sold as scrap

      • djsoren19@lemmy.blahaj.zone
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        4 months ago

        No, I think they’re going to stop existing in 5-10 years.

      • AbsentBird@lemm.ee
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        4 months ago

        deleted by creator

  • yarr@feddit.nl
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    4 months ago

    Holy fuck, you mean Walgreens will be cutting even MORE corners soon? What are they going to do, remove the walls from the businesses and sell them? Jesus christ.

  • Jesus@lemmy.world
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    4 months ago

    So, in about 5 years, the only physical retail pharmacies for PPO plans in the US will be CVS, Costco, Walmart, and Kroger owned companies. Walgreens will be picked to the bone and Rite Aid is currently dying.

    • Snot Flickerman@lemmy.blahaj.zone
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      4 months ago

      so excited to have such a huge struggle getting my medications

    • Corkyskog@sh.itjust.works
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      4 months ago

      Every Rite Aid became a wallgreens near me. We have 3 options (if you include Costco) soon to be twi options.

    • halfpipe@sopuli.xyz
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      4 months ago

      Don’t forget Amazon Pharmacy.

      • AbidanYre@lemmy.world
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        4 months ago

        Does that have physical locations?

        • DragonTypeWyvern@midwest.social
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          4 months ago

          And, if so, how flammable are they?

    • kobra@lemm.ee
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      4 months ago

      What’s wild is from my perspective and location, CVS and Walgreens are already gone. They still have stores here but they’re so understafffed and poorly managed that they’re unusable.

      • Drax_@lemmy.world
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        4 months ago

        CVS and Walgreens are everywhere. I’ve lived in several cities and always see them. CVS is also in Targets. I use them. Very good pharmacy. I don’t think they’re going anywhere anytime soon.

  • StayDoomed@lemmy.world
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    4 months ago

    Whelp now we know Walgreens will get shittier, exploit workers more, exploit your personal data more, or more likely all of those and more. Time to stop going to Walgreens and wait for the economic zombies to move on

  • obviouspornalt@lemmynsfw.com
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    4 months ago

    I’m just going to throw this out there as an option for recurring maintenance drugs:

    https://www.costplusdrugs.com/

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