The Walgreens announcement made no mention of how many of Walgreens' 311,000 workers will remain employed when the sale to Sycamore Partners is completed.
"Sycamore has deep respect for WBA's talented and dedicated team members, and we are committed to stewarding the Company's iconic brands. This transaction reflects our confidence in WBA's pharmacy-led model and essential role in driving better outcomes for patients, customers and communities," Sycamore Partners Managing Director Stefan Kaluzny said.