Walgreens Goes Global

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After Walgreen's acquisition of the European drugstore giant, Alliance Boots, Walgreens formed a new holding company with four divisions that include "Global Brands." The other three divisions are:

1. Walgreen Co., which includes the U.S. drugstore chain
2. Boots, which includes the pharmacy and beauty business in the United Kingdom and Ireland
3. The global wholesale operation

According to the Global Powers of Retailing 2014 list by auditing firm Deloitte Touche, "Walgreen is now the eleventh-largest retailer of any type in the world (not just among drugstore chains), one of eight U.S. companies in the top twenty, the sixth-largest retailer of any type in the U.S., and is among the top-fifty e-retailers in the world (again, of any type, not just drugstores)."

To learn more, visit:  Under Pessina, Look For Walgreen to Boost Global Brands

Related article:  Walgreens:  Your Local Drugstore Going Global

The Walgreens of Europe: Alliance Boots

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Walgreens has a new partnership with pharmaceutical distributor AmerisourceBergen and European drugstore Alliance Boots.  Alliance Boots is considered the Walgreens of Europe.

Walgreens may have had dreams of going global but through this new partnership it looks as if those dreams will become a reality sooner rather than later.

The real story is the AmerisourceBergen and Alliance Boots partnership. The partnership will help reduce some of Walgreen's operational costs, as AmerisourceBergen will begin distributing a number of generic pharmaceuticals that Walgreen traditionally self-distributed. AmerisourceBergen's superior supply chain will allow for greater efficiencies and daily deliveries.

Read the entire article:  Walgreen Dreams of Going Global