The private equity firm that acquired Walgreens as part of a $10 billion deal plans to double the pharmacy chain’s profitability over the next several years, according to people familiar with the matter. Sycamore Partners, a New York-based buyout firm, wants to grow the retailer’s earnings before interest, taxes, depreciation, and amortization to $4 billion, said the people, who asked not to be identified discussing private matters. That’s up from about $2 billion that the US drugstore chain earned in 2024.
Read the full article: Walgreens’ Private Equity Owner Plans to Double Pharmacy Chain’s Profits //
Source: https://finance.yahoo.com/markets/stocks/articles/walgreens-private-equity-owner-plans-133038588.html