Walgreens Boots Alliance
 |
|
| Public | |
| Traded as |
NASDAQ: WBA NASDAQ-100 Component S&P 100 Component S&P 500 Component |
| Industry |
Pharmaceutical Retail |
| Founded | Chicago, United States (2014) |
| Founders |
Charles Rudolph Walgreen Walgreens (1901) John Boot Boots (1849) |
| Headquarters | Deerfield, Illinois, United States |
|
Number of locations
|
Operations in over 25 countries |
|
Area served
|
Global |
|
Key people
|
Jim Skinner (Executive Chairman) Stefano Pessina (Vice Chairman and CEO) |
| Products |
Drug store Pharmacy |
| Revenue | US$103.4 billion |
| US$4.2 billion | |
|
Number of employees
|
370,000 |
| Divisions | Retail Pharmacy USA Retail Pharmacy International Pharmaceutical Wholesale |
| Subsidiaries |
Alliance Healthcare Boots UK Boots Opticians Duane Reade drugstore.com Walgreens Farmacias Benavides Farmacias Ahumada |
| Website | walgreensbootsalliance |
Walgreens Boots Alliance, Inc. is an American holding company headquartered in Deerfield, Illinois that owns Walgreens, Boots and a number of pharmaceutical manufacturing, wholesale and distribution companies. The company was formed on December 31, 2014 after Walgreens purchased the 55% stake in Switzerland-based Alliance Boots that it did not already own. Walgreens had previously purchased 45% of the company in 2012 with an option to purchase the remaining shares within three years.
Under the terms of the merger, the new company was organized into three divisions: Retail Pharmacy USA (Walgreens), Retail Pharmacy International (Boots), and Pharmaceutical Wholesale, incorporating Alliance Healthcare. The new holding company began trading on the NASDAQ on December 31, 2014.
The combined business has operations in over 25 countries. Walgreens had formerly operated solely within the United States and its territories, while Alliance Boots operated a more international business.
In October 2015, Walgreens Boots Alliance published its fourth quarter earnings report. Net sales in fiscal year 2015 increased by 35.4% to $103.4 billion, and net earnings rose to $4.2 billion.
Walgreens and Duane Reade operate within the Retail Pharmacy USA division of Walgreens Boots Alliance. Both businesses sell prescription and non-prescription drugs, and a range of household items, including personal care and beauty products. Walgreens provides access to consumer goods and services, plus pharmacy, photo studio, health and wellness services in the United States through its retail drugstores. Walgreens had 8,230 drugstores as of December 2015. Walgreens runs several online stores, such as: Beauty.com, Drugstore.com and VisionDirect.com.
Walgreens has stores in all 50 US states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands.
On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion.
Boots forms the main part of the Retail Pharmacy International division of the company. The Boots brand has a history stretching back over 160 years and is a familiar sight on Britain's high streets. Stores are located in prominent high street and city center locations as well as in local communities. Most branches include a pharmacy and focus on healthcare, personal care and cosmetic products, with most stores selling over the counter medicines. Larger stores typically offer a variety of healthcare services in addition to dispensing prescriptions, and chlamydia testing & treatment (private service). Optician services are also offered in many larger stores, with Boots Opticians providing eye tests along with the sale of spectacles and contact lenses.
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Wikipedia