Walgreens in buyout talks just weeks after CEO confirmed chain is closing 1,200 stores – how it affects shoppers [Video]

WALGREENS is in talks with a private equity firm about a buyout, and it could happen as early as next year.

The deal has yet to be finalized, but it would take the pharmacy retailer off the public market.

Walgreens could be bought out by a private equity firm in 2025 (stock image)Credit: GETTY

Walgreens Boots Alliance and private equity firm Sycamore Partners are still discussing the details, per a report from the Wall Street Journal.

Should it go through, shoppers could potentially see changes in Walgreens’ business model.

The news comes only weeks after Walgreens CEO Tim Wentworth confirmed the brand would close around 1,200 locations by 2027.

Wentworth was appointed as CEO in October 2023.

At least 500 are planned for 2025, but their specific locations have yet to be confirmed.

Along with the closurescomes a $1 billion cost-cutting program and the firing of several mid-level executives, according …