Walgreens Boots Alliance has completed the previously announced agreement to acquire a 40% minority stake in Sinopharm Holding GuoDa Drugstores Co., Ltd. (GuoDa), a leading retail pharmacy chain in China.
As part of a pilot program at 17 Gainesville, Florida, area stores, Walgreens is bringing together new approaches to pricing and promotions, product selection, the shopping experience and strategic collaborations to bring new services to customers.
Rite Aid has completed the first phase of its amended asset purchase agreement with Walgreens Boots Alliance. The company transferred 97 Rite Aid stores and related assets to Walgreens.
Walgreens Boots Alliance has secured regulatory clearance for its amended agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corporation for $4.375 billion in cash and other considerations.
More than $10 million was raised by Walgreens and Duane Reade customers nationwide for American Red Cross Hurricane Harvey relief efforts through donations at store checkouts.