CNN Report: Walgreens to go private (equity)?
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Re: CNN Report: Walgreens to go private (equity)?
KKR has a history of taking over certain retailers. Those retailers eventually end up getting sold off to other companies, going back on the stock exchanges, or being put out of business.
KKR owned Fred Meyer in the 1980's and 1990's, before their sale to Kroger in 1999.
In 1986, KKR bought out Safeway, but then Safeway went private 4 years later. Under KKR, Safeway exited numerous areas of the US, not to mention the sales of all stores outside North America (UK and Australia stores). Safeway went public in 1990 to continue paying off debt, and stayed public for 24 more years, until the Safebertsons merger.
KKR teamed up with Bain Capital and Vornado to acquire Toys R Us in 2004, owning TRU up until their 2017/2018 bankruptcy.
KKR owned Fred Meyer in the 1980's and 1990's, before their sale to Kroger in 1999.
In 1986, KKR bought out Safeway, but then Safeway went private 4 years later. Under KKR, Safeway exited numerous areas of the US, not to mention the sales of all stores outside North America (UK and Australia stores). Safeway went public in 1990 to continue paying off debt, and stayed public for 24 more years, until the Safebertsons merger.
KKR teamed up with Bain Capital and Vornado to acquire Toys R Us in 2004, owning TRU up until their 2017/2018 bankruptcy.
Re: CNN Report: Walgreens to go private (equity)?
Walgreens has been mismanaged for far too long. It is an overpriced and awful place to shop. I have heard from employees that it is an awful place to work at. Employees are overwhelmed and the stores are understaffed. The pharmacy itself has employees quitting left and right because of the understaffing and poor working conditions. Walgreens is bad on customer service and their stores have been getting rid of a wide range of merchandise.
The company needs changes if they want to survive. Walmart is beating them on price and other chain drug stores have a better selection. New leadership needs to be brought in.
The company needs changes if they want to survive. Walmart is beating them on price and other chain drug stores have a better selection. New leadership needs to be brought in.