Welcome to *Business Insights Daily*, I’m your host, Seshank. Today, we’re looking at a retail giant that’s just closed a dramatic new chapter. Walgreens Boots Alliance, one of the largest pharmacy chains in the world, has officially gone private. Private equity firm Sycamore Partners completed its $10 billion takeover, ending Walgreens’ nearly 100-year run as a public company. Along with the deal comes a new CEO, Mike Motz, who previously led Staples. But what does this privatization mean for Walgreens, its future, and the struggling retail pharmacy industry at large? Let’s dive in.
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