NEW YORK — Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), was honored recently by the American-Italian Cancer Foundation (AICF), which presented him with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. Among those honoring Pessina at the foundation’s Benefit Dinner and Auctions
NEW YORK – The American-Italian Cancer Foundation (AICF) presented Stefano Pessina, executive vice chairman and chief executive officer of Walgreens Boots Alliance (WBA), with the Alessandro di Montezemolo Lifetime Achievement Award for his outstanding career in health care. AICF, a New York nonprofit supporting cancer research and early detection, honored Pessina at the organization’s Benefit
NEW YORK — According to various published reports, Walgreens Boots Alliance is exploring going private in what could mark the largest leveraged buyout in history. One of the firms looking at a deal is KKR. KKR has a history with the retailer. In 2007, it bought Alliance Boots in partnership with Stefano Pessina, then the
CHRISTIANSBURG, Va. — On-demand delivery by drone took an important step forward this month when consumers in this southeastern Virginia town received purchases from Walgreens Boots Alliance (WBA) and FedEx that were delivered by an unmanned aircraft operated by Wing, an offshoot of Google’s parent company. The October 18 trial marked the first scheduled e-commerce
DEERFIELD, Ill. — Walgreens plans to begin using drones to deliver products to select customers in the Christiansburg, Va., market next month. The company is partnering with Wing Aviation LLC, a member of the Alphabet family of companies, to test a service that promises to let people order health and wellness, food, beverage and convenience
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has named Francesco Tinto global chief information officer and senior vice president at the company. Tinto will oversee the global strategy for WBA’s IT operations across all of the company’s divisions, as well as the implementation of its technology and digital innovation. His role will include data analytics,
DEERFIELD, Ill. – Walgreens Boots Alliance (WBA) on Friday named Francesco Tinto global chief information officer and senior vice president at the company. Francesco Tinto Tinto will oversee the global strategy for WBA’s IT operations across all of the company’s divisions, as well as the implementation of its technology and digital innovation. His role will
DEERFIELD, Ill. — As part of its “transformational cost management program” announced last December, Walgreens Boots Alliance plans to close 200 stores in the United States after a review of its store network. The closures amount to less than 3% of its 9,560-plus locations in this country. In an 8-K filing with the Securities and
NEW YORK — Mass Market Retailers last week honored the outstanding executives who were identified by the publication as the industry’s Most Influential Women in 2019. The awards presentation and reception drew retailer and supplier executives from across the food, drug and mass channels to a ballroom in lower Manhattan. On hand to receive awards
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. said Wednesday that its board of directors has declared a quarterly dividend of 45.75 cents per share, an increase of 4%. The increased dividend is payable September 12 to stockholders of record as of August 20. The move raises the annual dividend rate from $1.76 per share to
DEERFIELD, Ill. — Walgreens Boots Alliance’s third quarter profit beat analysts’ expectations, as U.S. pharmacy sales rose 4.3% in the period ended May 31. Net earnings slipped 23.6% to $1 billion compared to the year-ago quarter, while net earnings per share decreased 16.5% to $1.13. Stripping out special items, the company earned $1.47 per share,
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. on Thursday named five executives to newly created leadership roles at the company. Appointed were: Gunjan Bhow to global chief digital officer. Heather Dixon to global controller and chief accounting officer. Vineet Mehra to global chief marketing officer. Annie Murphy to global chief commercial officer. Colin Nelson to