Have you read up on Sears and Red Lobster, both were taken over by Venture Capitalists, both were raped and pillaged.
In Red Lobsters case, the venture capitalists figured out the real estate was more valuable than the restaurant chain, the closed it all down, sold off the real estate and reaped huge profits. This is one common way Venture Capitalists rape and pillage a company, they sell of the assets to pay themselves huge bonuses and leave the company broke and bankrupt.
Often venture capitalist use the assets of the company to borrow against in order to take the company over, initiate extreme cost cutting measures pump and dump the stock, reap the profits and leave company loaded up with debts and bankrupt.
Not all Venture Capitalists engage in this type of behavior but a lot of them do, and I would not be surprised if Walgreens becomes a passing memory in a couple of years with the remaining assets sold off to a competitor.
Not all Venture Capitalists engage in this type of behavior
https://theexpositor.tv/blog/sheep-wolves-and-sheepdogs-lt-col-dave-grossman/
The same was true of Sears-KMart. Expect it to happen some with Walgreens. I figure they will close 1/3 of their stores in the next 3 years. Every location in ghetto and other non-performing areas will be closed and the property sold.
If your city, or state allows uncontrolled stealing, expect Walgreens to close. They will then be a leaner, meaner, more profitable venture that can then be spun off or sold.
“Have you read up on Sears and Red Lobster, both were taken over by Venture Capitalists, both were raped and pillaged.”
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I am more than familiar with both. Red Lobster was stagnant, overpriced, and became a victim of the Covid hoax.
Sears couldn’t compete against Amazon, Walmart, or even all the auto parts stores. They were once everything to everybody, but toward the end they were nothing to nobody.
They weren’t raped and pillaged. They slowly self-asphyxiated.