“a partner with a strong track record of successful retail turnarounds”
Retail?
Walgreen’s is an overpriced Dollar Store that sells drugs in the back. That bricks-and-mortar model doesn’t work anymore in that segment. Most “Seniors” today are at least a bit tech savvy, so online is the way to go. Plans offer e-delivery of 90 supplies. Medicaid Mills don’t pay enough to stay in business. Poor folks paying cash don’t buy enough, cuz they can’t afford it.
Most locations are probably leased.
There really aren’t any assets to speak of.
I don’t see the value play.
Probably why I don’t work for Sycamore.
“Walgreen’s is an overpriced Dollar Store that sells drugs in the back.”
one of the best descriptions of walgreens i’ve ever heard!
heck, at least with walmart, the pharmacy is right up front!