As Walgreens Looks to Save Cash, Suitor Sycamore Seeks Funding

 

• Private equity firm Sycamore speaking to private credit firms
• Drugstore chain halts quarterly dividend, rattling investors

Walgreens Boots Alliance Inc.’s chairman and biggest shareholder, Stefano Pessina, has dealmaking in his DNA. Yet finding a deal to rescue the drugstore empire he built is proving difficult.

When the Italian-born Pessina, 83, merged his Alliance Boots with the US pharmacy giant in 2014, it marked a crowning moment in a decades-long campaign to construct a pharmacy colossus.

https://www.bloomberg.com/news/articles/2025-01-31/walgreens-suspends-dividend-while-suitor-sycamore-seeks-deal-financing