Walgreens Buys Stake in Alliance Boots

DEERFIELD, Ill. — Walgreen Co. here said last week it has agreed to buy a 45% stake in Alliance Boots, an international supplier and retailer of pharmacy and HBC product, with plans to eventually acquire the entire company.

The move could bring more of Boots’ highly regarded beauty and personal care brands to the U.S. and reduce product procurement costs for the Walgreens and Duane Reade banners.

Greg Wasson

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