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"With Kroger reportedly out of the picture Walgreens is looking for a buyer for up to 1,000 stores in order to comply with anti-monopoly laws. If the retailer is unable to divest, the creation of the world's biggest drug retailer, could be in doubt. Learn the latest.", risnews.edgl.com
"Walgreens, Rite Aid extend date of merger agreement to allow for store divestures Walgreens Boots Alliance and Rite Aid announced that they have mutually agreed to extend the end date of their merger agreement from Oct. 27, 2016 to Jan. 27, 2017. The companies now expect the transaction will close in early calendar 2017.", www.chainstoreage.com
"Sainsbury's has appointed Simon Roberts as retail and operations director. He will report to CEO Mike Coupe and be a member of the operating board, and is expected to join Sainsbury's by next July. Roberts will replace Roger Burnley who has left Sainsbury's to take up the role of deputy chief executive and COO of Asda next month.", retailanalysis.igd.com
"In its quest to buy Rite Aid, the parent company of Walgreens served notice Thursday of plans to sell off as many as 1,000 pharmacies nationally, up to double the divestments it had initially envisioned as a necessary step to getting approval from the Federal Trade Commission for the planned $17.2 billion acquisition. Nationally, Walgreens entered 2016 with nearly 8,200 retail stores in the United States and its territories, and has been working to free up $1.5 billion in savings by leveraging its massive scale to get better pricing from vendors, whether drug companies or others. CVS still has more drug counters in Connecticut than Walgreens and Rite Aid combined, however, with 170 active pharmacies registered with the state of Connecticut (including about 20 inside Target department stores), about 50 in the southwest corner of the state.", www.thehour.com
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