Walgreens Planning Three-Way Split of Company
Walgreens Boots Alliance is planning a three-way split of its company into U.S. retail pharmacy, Boots UK, and U.S. healthcare businesses, with each segment to have distinct capital structures, according to reports. The separation aims to address financing concerns for a potential private equity buyout led by Sycamore Partners. This move could further fragment the struggling pharmacy chain's operations and create new challenges.
- A three-way split of Walgreens' assets raises questions about the company's ability to maintain cohesion among its disparate businesses, potentially hindering efforts to restore profitability.
- How will the financial performance of each business segment impact Sycamore Partners' return on investment in the coming years?