Walgreen Co. To Operate As A Private, Standalone Company Following Acquisition By Sycamore Partners

Walgreen Company (Walgreens, or the Company) announced that it is now operating as a private standalone company following its acquisition by Sycamore Partners (Sycamore), a private equity firm based in New York. Sycamore is acquiring the business in partnership with Stefano Pessina and his family, who have reinvested 100% of their interests in Walgreens, demonstrating their ongoing support and confidence in the Company’s future, according to the announcement. Mike Motz has been appointed as Chief Executive Officer of Walgreens, effective immediately.

Founded in 1901, Walgreens serves nearly 9 million consumers each day across its approximately 8,500 stores throughout . . .