Walgreens is owned by the Walgreens Boots Alliance, which also owns Boots. The main shareholder of Walgreens Boots Alliance is Italian businessman Stefano Pessina, Executive Chairman of the Walgreens Boots Alliance Board, and his wife, Ornella Barra. Top institutional investors comprise The Vanguard Group (6.9%), BlackRock (6.4%), and State Street Corporation (5.5%).
Key Highlights
- Ownership and Subsidiaries: Walgreens is a subsidiary of the Walgreens Boots Alliance, a global pharmaceuticals and retail company. The Walgreens Boots Alliance also owns Boots, a well-known pharmacy chain in the UK and other countries.
- Stefano Pessina: Italian businessman Stefano Pessina is a central figure in the ownership of Walgreens Boots Alliance. He serves as the Executive Chairman of the Walgreens Boots Alliance Board. Pessina has played a significant role in shaping the company’s direction and strategy.
- Ornella Barra: Ornella Barra, wife of Stefano Pessina, is another key figure in the ownership of Walgreens Boots Alliance. She has been actively involved in the pharmaceutical and retail industry and holds executive positions within the company.
- Ownership Structure: Stefano Pessina and Ornella Barra, through their positions and ownership stakes, exert a considerable influence on the company’s decisions and direction.
- Top Institutional Investors:
- The Vanguard Group: The Vanguard Group is one of the largest investment management companies globally. It holds a significant stake in Walgreens Boots Alliance, with a ownership percentage of 6.9%.
- BlackRock: BlackRock is another major investment management firm that holds a substantial stake in the company. Its ownership percentage is approximately 6.4%.
- State Street Corporation: State Street Corporation, a leading financial services and investment company, is also a top institutional investor in Walgreens Boots Alliance, with an ownership percentage of about 5.5%.
- Influence and Control: The presence of these institutional investors underscores the significance of Walgreens Boots Alliance in the investment landscape. The ownership and stake of these institutions contribute to the company’s financial stability and strategic decision-making.
- Global Impact: Walgreens Boots Alliance’s ownership and shareholder composition highlight the company’s international reach and its role in the pharmaceutical and retail sectors on a global scale.
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