Potential deal highlights mounting distress facing the retail pharmacy industry
US pharmacy chain Walgreens Boots Alliance is in talks over a sale to a private equity firm, underscoring the rising strains facing the sector. The Illinois-based group is in discussions with Sycamore Partners, an investment group known for targeting troubled retailers, said two people familiar with the matter.
But competitors such as Amazon and Target have gradually chipped away at its business, prompting Walgreens to repeatedly try to sell or publicly list Boots to focus on its US operations. Walgreens last year appointed Tim Wentworth, a former Cigna executive, as chief executive.
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