31-01-2025
As Walgreens Looks to Save Cash, Suitor Sycamore Seeks Funding
Markets
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.
