I've never seen or heard of a private equity takeover that didn't gut the company. Always ends in disaster. Unless you're a cash cow with zero effort, which we're definitely not.
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@fm Regarding Pharmacy, Sycamore seems to think it can fixed by expanding Cenfill and updating apps. Cenfill causes delays and confusion and the unreliable app only compounds the problem. Instead of Walgreens providing what the customer wants, we're forcing things on them require more time and effort on their part. People just want their meds in a timely manner without all the hassle.
Agree. If they cared for this company we would not be planning to sell vape and lottery - just to turn a profit. And they talk a bit talk about Pharmacy ..I’m yet to see them focus on it.
I don't believe Sycamore is here to save Walgreens. Their goal is to make a buck on their investment. If they can keep it running without losing money, it gives them more time to dress the company up for sale. It's doubtful we'll see much improvement in staffing, systems and processes that would help the business thrive.