15 November 2019 - Deborah Wilkes
Walgreens Boots Alliance (WBA) may go private, the Amazon Pharmacy name has made an appearance, and Vitamin Shoppe has released financial results.
WBA may be about to go private
WBA may be about to go into private ownership, according to a news report from Bloomberg.
Quoting people familiar with the matter, Bloomberg said private-equity firm KKR had formally approached WBA about a takeover.
In the 12 months ended 31 August 2019, worldwide sales at WBA rose by 4.1% to USD137 billion. Growth at constant currencies was 5.8% (click here to read the News story).
Online retailer Amazon has introduced “Amazon Pharmacy” branding for its US online pharmacy PillPack.
Branding on the PillPack website has changed from “PillPack, an Amazon company” to “PillPack by Amazon Pharmacy”.
Amazon announced the acquisition of PillPack – an online pharmacy aimed at Americans who take multiple
daily prescriptions – in 2018.
Vitamin Shoppe reports results
Vitamin Shoppe said its planned takeover by Liberty Tax was expected to be completed by the end of the year, as it reported sales down by 8.5% to USD253 million in the three months ended 28 September 2019.
The US-based specialty retailer recorded a net loss from continuing operations of USD3.4 million, compared with a net income from continuing operations of USD1.9 million in the same period a year earlier.
Vitamin Shoppe announced in August 2019 that it was set to be acquired by Liberty Tax – the parent company of Liberty Tax Service and Buddy's Home Furnishings – in an all-cash transaction worth around USD208 million (click here to read the News story).