Walgreens has agreed to pay up to $350 million to resolve allegations by the U.S. Department of Justice that it filled millions of unlawful opioid prescriptions over the course of a decade. The nationwide pharmacy chain will pay at least $300 million to the federal government, with an additional $50 million due if the company…
Walgreens Boots Alliance is set to become a privately held company in a deal worth up to $23.7 billion, marking the end of nearly a century as a publicly traded entity. The decision comes after a tumultuous period on the stock market, during which Walgreens’ market value plummeted by billions and the company was forced…
Walgreens is facing significant financial setbacks, with its stock plummeting by over 80% in the past five years, making it one of the worst-performing companies in that period. In response to its ongoing troubles, the pharmacy giant is closing 1,200 stores, or about 15% of its total locations, and is reportedly in talks with private…
Walgreens is planning to shut down a considerable number of its approximately 8,600 locations across the United States as part of a comprehensive effort to restructure the struggling pharmacy chain’s business model. The company did not specify the exact number of store closures but announced on Thursday that it will undertake “significant” closures of underperforming…
