
Retail
Sycamore Partners acquires Walgreens in $10 billion deal
Walgreens has undergone a major leadership shakeup following its $10 billion acquisition by private equity firm Sycamore Partners. The deal, finalized on Thursday, also marks a structural overhaul that splits the business into several independent companies. According to a company statement, Walgreens — the well-known U.S. retail pharmacy chain — will