PARIS — Walgreen and Alliance Boots are set to create the world’s first global pharmacy-led health and beauty group, as well as the largest international wholesale and distribution network in the industry.
Walgreen Co. is set to acquire a 45 percent equity stake in Alliance Boots GmbH, in a cash-and-stock transaction valued at $6.7 billion. The newly merged company will have 365,000 employees and more than $110 billion in combined revenue. It will be present in 30 countries, with three major brands: Walgreens, Boots and Alliance Healthcare. It will also have more than 11,000 stores in 12 countries. RELATED STORY: Walgreens to Launch Largest U.S. Loyalty Program >>
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"