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flag Walgreens faces major cuts and closures after its 2025 buyout by Sycamore Partners, which saddled it with $13.33 billion in debt.

flag Walgreens faces uncertainty after its 2025 acquisition by private equity firm Sycamore Partners, which left the company with $13.33 billion in debt, far above typical levels. flag Sycamore’s history of cutting costs at previous acquisitions—like Staples and Nine West—has led to store closures, job losses, and reduced services. flag Under new ownership, Walgreens has cut holiday pay, eliminated its communications team, and plans to close its Chicago headquarters. flag Rising debt, declining pharmacy reimbursements, and staff shortages are compounding challenges. flag Analysts warn further store closures and job cuts are likely, threatening access to essential healthcare and medications, especially in vulnerable communities.

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