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Dipanjan Banchur

Walgreen Halts Sale of Boots Chain. Does This Mean the Stock Is No Longer a Good Buy?

WBA Boots Walgreen Dipanjan BanchurSince Walgreens Boots Alliance Inc

Walgreens Boots Alliance, Inc. (WBA) operates as a pharmacy-led health and beauty retailer. It operates through Retail Pharmacy USA, Retail Pharmacy International, and Pharmaceutical Wholesale.

In its efforts to focus on its domestic healthcare business, WBA had been looking to sell off its pharmacy chain Boots and consumer goods company No7 Beauty Co. However, the intended sale failed to materialize as WBA’s talks with Reliance Industries and Apollo Global Management Inc. consortium failed to meet its expected valuations.

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