Walgreens Boots Alliance Concludes Strategic Review and Decides to Retain Ownership of its Successful Boots Business (2025)

DEERFIELD, Ill.-- June 28, 2022 - Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today announced its decision to keep its Boots and No7 Beauty Company businesses under its existing ownership. This marks the conclusion of the review that began in January in line with the Company’s strategic priorities.

WBA has been encouraged by productive discussions held with a range of parties, receiving significant interest from prospective buyers. However, since launching the process, the global financial markets have suffered unexpected and dramatic change. As a result of market instability severely impacting financing availability, no third party has been able to make an offer that adequately reflects the high potential value of Boots and No7 Beauty Company. Consequently, WBA has decided that it is in the best interests of shareholders to keep focusing on the further growth and profitability of the two businesses.

The decision to retain the businesses has also been supported by the ongoing strong performance and growth of Boots and No7 Beauty Company, which have exceeded expectations despite challenging conditions.

Boots is the UK’s leading health and beauty retailer and benefits from its unique position as one of the most trusted and well-respected brands in the country. Since the formation of WBA at the end of 2014, the Company has significantly invested in Boots and No7 Beauty Company. Given their unmatched assets and unparalleled potential, Walgreens Boots Alliance will continue investing in the future of these two businesses.

Chief Executive Officer, Rosalind Brewer, said:

“We have now completed a thorough review of Boots and No7 Beauty Company, with the outcome reflecting rapidly evolving and challenging financial market conditions beyond our control. It is an exciting time for these businesses, which are uniquely positioned to continue to capture future opportunities presented by the growing healthcare and beauty markets. The Board and I remain confident that Boots and No7 Beauty Company hold strong fundamental value, and longer term, we will stay open to all opportunities to maximize shareholder value for these businesses and across our company.”

About Walgreens Boots Alliance

Walgreens Boots Alliance (Nasdaq: WBA) is an integrated healthcare, pharmacy and retail leader serving millions of customers and patients every day, with a 170-year heritage of caring for communities.

A trusted, global innovator in retail pharmacy with approximately 13,000 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem. The company is reimagining local healthcare and well-being for all as part of its purpose – to create more joyful lives through better health. Through dispensing medicines, improving access to a wide range of health services, providing high quality health and beauty products and offering anytime, anywhere convenience across its digital platforms, WBA is shaping the future of healthcare.

WBA has more than 315,000 team members and a presence in nine countries through its portfolio of consumer brands: Walgreens, Boots, Duane Reade, the No7 Beauty Company, Benavides in Mexico and Ahumada in Chile. Additionally, WBA has a portfolio of healthcare-focused investments located in several countries, including China and the U.S.

The company is proud of its contributions to healthy communities, a healthy planet, an inclusive workplace and a sustainable marketplace. WBA has been recognized for its commitment to operating sustainably: it is an index component of the Dow Jones Sustainability Indices (DJSI) and was named to the 100 Best Corporate Citizens 2021.

More company information is available at www.walgreensbootsalliance.com.

(WBA-GEN)

Cautionary Note Regarding Forward-Looking Statements: All statements in this release that are not historical are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are not guarantees of future performance and involve risks, assumptions and uncertainties, including those described in Item 1A (Risk Factors) of our Form 10-K for the fiscal year ended August 31, 2021 and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. These forward-looking statements speak only as of the date they are made. We do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

WBA Media Relations
USA / Jim Cohn +1 224 813 9057
International +44 (0)20 7980 8585

WBA Investor Relations
Tiffany Kanaga +1 847 315 2922

Source: Walgreens Boots Alliance

Walgreens Boots Alliance Concludes Strategic Review and Decides to Retain Ownership of its Successful Boots Business (2025)

FAQs

What is Walgreens Boots Alliance strategy? ›

The company's U.S. Healthcare segment shows promise with a consumer-centric, technology-enabled approach. Walgreens Boots Alliance Inc's strategic initiatives aim to optimize U.S. operations and enhance customer experience.

What is the controversy with Walgreens Boots Alliance? ›

Walgreens Boots Alliance Inc. and Walgreen Co. (together, Walgreens) have agreed to pay $106.8 million to resolve alleged violations of the False Claims Act and state statutes for billing government health care programs for prescriptions never dispensed.

Who owns Walgreens Boots Alliance? ›

Largest shareholders include Vanguard Group Inc, BlackRock Inc., State Street Corp, Capital World Investors, Invesco Ltd., VTSMX - Vanguard Total Stock Market Index Fund Investor Shares, Geode Capital Management, Llc, VFINX - Vanguard 500 Index Fund Investor Shares, Invesco Qqq Trust, Series 1, and VIMSX - Vanguard Mid ...

What is the future plan of the Walgreens Boots Alliance? ›

Boots owner Walgreens has laid down its plans for the retailer and insisted the UK chain is “very important” to the business. The US giant opted to keep Boots last month, abandoning its plans to sell the chain, which has become a standout performer across the group.

What is Walgreens Boots Alliance known for? ›

A trusted, global innovator in retail pharmacy with more than 12,500 locations across the U.S., Europe and Latin America, WBA plays a critical role in the healthcare ecosystem. The company is reimagining local healthcare and well-being for all as part of its purpose – to create more joyful lives through better health.

What strategic advantages does the alliance between Walgreens and Alliance Boots bring to both partners? ›

A partnership with Alliance Boots had several strategic advantages, allowing Walgreens to gain swift entry into foreign markets as well as complementary assets and expertise. First, it gave Walgreens access to new markets beyond the saturated United States for its retail pharmacies.

What is the difference between Walgreens and Walgreens Boots Alliance? ›

On December 31, 2014, Walgreens and Switzerland-based Alliance Boots merged to form a new holding company, Walgreens Boots Alliance. Walgreens became a subsidiary of the new company, which retained its Deerfield headquarters and trades on the Nasdaq under the symbol WBA. 1901, in Chicago, Illinois, U.S.

What is the business model of Walgreens Boots Alliance? ›

Walgreens Boots Alliance generates revenue through multiple streams, ensuring a resilient and diversified income structure. Revenue is primarily derived from the sale of prescription medications and over-the-counter healthcare products through its extensive network of retail pharmacies.

What is Walgreens Boots Alliance vision statement? ›

At Walgreens Boots Alliance, our vision is to be the leading partner in reimagining local healthcare and wellbeing for all.

How much did Walgreens pay for Alliance Boots? ›

The Illinois-based company is said to be working with advisers to hold early-stage discussions with prospective bidders. WBA was formed in 2014 after Walgreens purchased a 55% stake in Alliance Boots for a total acquisition price of $4.9 billion.

What is the slogan of the Walgreens Boots Alliance? ›

Creating more joyful lives through better health.

Is Walgreens Boots Alliance a good company to work for? ›

Do people recommend working at Walgreens Boots Alliance? Overall, 47% of employees would recommend working at Walgreens Boots Alliance to a friend. This is based on 2,155 anonymously submitted reviews on Glassdoor.

What brands are under the Walgreens Boots Alliance? ›

WBA employs more than 331,000 people and has a presence in eight countries through its portfolio of consumer brands: Walgreens, Boots, Duane Reade, the No7 Beauty Company and Benavides in Mexico.

What were the quarterly results of the Walgreens Boots Alliance? ›

Overview of Third Quarter Results

WBA third quarter sales increased 2.6 percent from the year-ago quarter to $36.4 billion, an increase of 2.5 percent on a constant currency basis, reflecting sales growth across all segments.

What rank is Walgreens Boots Alliance? ›

As of September 2024 Walgreens Boots Alliance has a market cap of ₹630.80 Billion. This makes Walgreens Boots Alliance the world's 2115th most valuable company by market cap according to our data.

What strategies does Walgreens use? ›

Omnichannel Presence

Walgreens is taking the drugstore experience to a whole new level with its omnichannel strategy. Gone are the days of siloed online and in-store shopping. Now, customers can seamlessly navigate between touchpoints, enjoying a level of convenience and personalization that feels almost magical.

What are the values of Walgreens Boots Alliance? ›

We take our aim of inspiring a healthier and happier world seriously and this is reflected in our core values of Trust, Care, Innovation, Partnership and Dedication. WBA is a global family of trusted companies with a reputation for doing the right thing.

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