Kazakhstan signs 70 agreements with China worth $15 billion
Kazakhstan and China have recently signed more than 70 agreements and contracts worth over $15 billion during the 8th meeting of the Kazakhstan–Chin...
Walgreens Boots Alliance is going private after Sycamore Partners sealed a $10 billion deal, ending nearly a century on public markets. Struggling with competition and changing consumer habits, Walgreens aims to reinvent itself away from the pressures of being publicly traded.
"Walgreens closes chapter on public markets as Sycamore partners seals $10 billion deal"
Walgreens Boots Alliance (WBA) is set to be taken private by private equity firm Sycamore Partners in a monumental $10 billion deal, marking the end of its nearly century-long presence in the public markets. The pharmacy giant, which was once a proud member of the Dow Jones Industrial Average, has struggled in recent years, seeing its stock value decline amid rising competition and changing consumer habits.
The acquisition follows a series of challenges, including weak retail sales, an overhaul of its U.K.-based Boots business, and cost-cutting measures aimed at reviving the company’s fortunes. Walgreens had previously explored private ownership and held talks with several large private equity firms.
Founded in 1901, Walgreens became a household name, with over 9,000 stores across the U.S. By 2018, the company reached its peak, joining the Dow Jones, but recent years have been marked by struggles, including a significant drop in profits and an ongoing shift in its business strategy.
Now, under the leadership of Sycamore Partners, Walgreens aims to pivot and reinvent itself, stepping away from the pressures of the public markets.
A powerful eruption at Japan’s Shinmoedake volcano sent an ash plume more than 3,000 metres high on Sunday morning, prompting safety warnings from authorities.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
The UK is gearing up for Exercise Pegasus 2025, its largest pandemic readiness test since COVID-19. Running from September to November, this full-scale simulation will challenge the country's response to a fast-moving respiratory outbreak.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
Tesla’s European sales have plunged for an eighth straight month, with sharp declines in France, Denmark and Sweden highlighting growing competition, consumer backlash against Elon Musk, and the company’s ageing product line.
YouTube TV and Fox have reached a distribution agreement that will keep Fox News, Fox Sports and other Fox channels available to subscribers, the companies confirmed on Thursday.
The S&P 500 and Dow Jones Industrial Average closed at record highs on Thursday (28 August), after Nvidia’s quarterly report fell short of investors’ lofty expectations but confirmed that demand for artificial intelligence (AI) infrastructure remains strong.
Malaysia Prime Minister Anwar Ibrahim said he intends to convene a summit of the Regional Comprehensive Economic Partnership in October, local media reported on Wednesday.
The Organisation for Economic Co-operation and Development (OECD) reported on Tuesday that G20 countries’ international goods trade rose slightly in the second quarter of 2025, mainly because imports into the United States fell sharply after rising in the first quarter.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment