Walgreens could 'aggressively' cut costs if privately owned, analyst says

Published On Dec 11, 2024, 8:27 AM

Walgreens is in discussions to sell itself to private equity firm Sycamore Partners. An analyst suggests that if Walgreens becomes privately owned, it could cut costs more aggressively to tackle ongoing challenges in its pharmacy operations and compete better against online rivals. The company has already announced plans to close at least 1,200 stores over the next three years due to profitability pressures and declining sales.

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The potential buyout by Sycamore Partners could introduce much-needed restructuring and cost-cutting measures. However, current market pressures and the ongoing transition could lead to volatility in stock prices in the short term.

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