Ready for even more brand news today? Walgreens has announced it will close 200 stores in the US. From The Wall Street Journal:
Walgreens Boots Alliance Inc. plans to close 200 Walgreens drugstores in the U.S., part of a further $500 million in cost cuts planned by the company that was formed by a trans-Atlantic merger at the end of last year.
The cuts include the store closures, a corporate reorganization and a streamlining of information technology by the end of 2017. They will fall heavily on the U.S. side of the business—indicating that the management team, largely made up of faces from European merger partner Alliance Boots, has found plenty to fix on this side of the Atlantic.
Last year, Walgreens merged with UK-based Boots stores, and it appears that Boots is the one choosing to do more restructuring on this side of the pond.
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