Walgreens has reported a staggering loss of $8.6 billion in fiscal 2024, prompting the exploration of a potential sale to private equity firm Sycamore Partners.
The retailer’s stock price has plummeted from nearly $40 at the end of 2019 to less than $10 today, reflecting the company’s struggle in the competitive market.
Experts suggest that a sale could provide necessary fresh thinking and reconceptualization regarding how Walgreens' assets are utilized, as they face significant operational challenges.
With a potential buyout estimated between $9.2 billion and $10 billion, experts highlight the need for Walgreens to consider strategic options after years of declining performance.
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