Steve Forbes in conversation with Stefano Pessina, CEO of Walgreens Boots Alliance. Tim PannellWalgreens Boots Alliance CEO Stefano Pessina said partnerships remain the most cost-effective way for the global drugstore chain to remain competitive and grow in the future. In an interview on stage Thursday at the 2019 Forbes Healthcare Summit in New York, Pessina didn’t address speculation Walgreens is considering going private via leveraged buyout. “It’s obvious that the stores that we have today have to change to survive in the future environment,” Pessina told Forbes. But Pessina told Steve Forbes that the partnership with Kroger has resulted in improved sales in Walgreens where grocery items have been sold in a testing phase.

Source: Forbes December 05, 2019 13:44 UTC