Walgreens Boots Alliance, the parent company of Walgreens , has officially transitioned to a private standalone company following its acquisition by Sycamore Partners for $10 billion, as reported by the company’s announcement in BusinessWire . The Illinois-based retail pharmacy giant, known for its longstanding community presence, is set to embark on a fresh chapter with new leadership and a sharpened focus on its core offerings.

Acquisition leads to new leadership and strategy

The transition comes with the appointment of Mike Motz as the new CEO of Walgreen Co. , according to Business Wire. Motz, who previously led Staples US Retail and was a key player at Shoppers Drug Mart, the announcement states, brings significant retail expertise. His appointment marks a shift to

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