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Alliance Boots history
Alliance Boots company history timeline
On 25 April 2007, Alliance Boots was approached with a buy-out offer by New York City-based Private Equity firm Kohlberg Kravis Roberts in conjunction with Alliance Boots' then Executive Deputy Chairman, Stefano Pessina, for an estimated £12.4 billion.
The reverse takeover and subsequent privatisation was dubbed as "the best deal ever struck" by a managing partner at a private equity firm in June 2008.
Alliance Boots GmbH was established in Switzerland during 2008 and is a direct subsidiary of AB Acquisitions Holdings Limited, a company which owns 55% of Alliance Boots GmbH’s shares.
In 2010, Walgreens acquired the Duane Reade drugstore chain.
In 2010, Alliance Boots became the majority shareholder of the German pharmaceutical wholesaler ANZAG.
In 2011, Walgreens acquired drugstore.com and Beauty.com
In 2013, Walgreens and Alliance Boots announced a strategic collaboration with AmerisourceBergen, a pharmaceutical sourcing and distribution services company.
Walgreens' shareholders approved the purchase on 29 December 2014, and it was completed on 31 December.
In 2016, Hedef Alliance was rebranded to Alliance Healthcare Turkey.
In 2018, Walgreens Boots Alliance and Alibaba launched a Boots flagship store on Tmall Global, Alibaba’s B2C platform for international brands and retailers, introducing iconic Boots beauty brands to consumers on Alibaba’s platforms in China.
In 2021, Walgreens Boots Alliance sold its Alliance Healthcare businesses to AmerisourceBergen Corporation.
"Alliance Boots plc ." International Directory of Company Histories. . Retrieved May 24, 2022 from Encyclopedia.com: https://www.encyclopedia.com/books/politics-and-business-magazines/alliance-boots-plc
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