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#24483730 at 2026-04-10 00:19:13 (UTC+1)
Q Research General #29857: Low IQ Fake MAGA Fake News LOSERS Tantrums Coming! POPCORN READY? Edition

Stefano Pessina is the CEO of Walgreens Boots Alliance and he is worth 10 billion. Stefano Pessina finances biological and chemical warfare through Alchemical secret societies like Hermeticists and Martinists and he works for the Colonnas and Orsinis.

#22717853 at 2025-03-07 06:07:49 (UTC+1)
Q Research General #27754: Fight, Fight, Fight Edition

Walgreens to be taken private by Sycamore in $10 billion deal

NEW YORK (Reuters) -Walgreens Boots Alliance will be taken private by Sycamore Partners for $10 billion, the firms said on Thursday, closing out nearly a century of trading on public markets for the U.S. pharmacy giant.

The price is a fraction of the $100 billion the second-largest U.S. pharmacy chain was worth a decade ago. Its fortunes collapsed as drug margins fell and as consumers turned to cheaper rivals such as Amazon and Walmart to fill their prescriptions and purchase toiletries.

And when rivals diversified into insurance or prescription management, Walgreens invested billions of dollars in buying other pharmacy chains such as European giant Alliance Boots despite the trend away from in-store shopping.

Sycamore will pay $11.45 per share, a premium of 8% to Walgreens' closing price of $10.60 on Thursday. Shares of the company rose nearly 6% in extended trading.

Walgreens shareholders could also receive an additional $3 in cash from future monetization of the company's debt and equity interests in primary-care provider VillageMD.

The company's market capitalization has dropped 90% since 2015 to $9.3 billion on Thursday, with debt and lease obligations ballooning to almost $30 billion.

The transaction has a total value of around $23.7 billion including payouts and debt, according to Leerink Partners investment bank.

The final acquisition price was calculated by Sycamore considering the worst-case scenario, based on the minimum price it could recover if assets had to be split for a sale or to be run separately, a person close to the discussions said.

"You have a business that is shrinking, and then you layer on losses and cash burn, all of that was the perfect recipe for what we are seeing today," said Brian Tanquilut, a healthcare services research analyst at Jefferies.

Sycamore, a private equity firm that specializes in retail and consumer investments, has a track record of acquiring distressed retailers for profit including brands such as Staples, Talbots and Nine West.

Its past approach has involved selling the companies' most valuable assets, and reducing costs in the remaining operations through store closures and other measures, with savings often used to draw dividends and not necessarily aimed at growth.

"Going private makes sense on paper," said Ann Hynes, an analyst with Mizuho Bank, adding that Walgreens' operational challenges would likely better be handled without commitments to shareholders.

Walgreens Boots Alliance CEO Tim Wentworth said in a statement that the company was making progress on its turnaround strategy, but meaningful value creation would take "time, focus and change that is better managed as a private company".

Walgreens has been trying to sell some of its assets or the company as a whole for at least six years.

In 2019, private equity firm KKR offered $70 billion for the retailer in private talks that did not advance, according to a Morgan Stanley report.

Walgreens has been suffering from reduced cash flow, and more than half of its $7 billion in net debt is due next year.

The company is closing thousands of stores and has embarked on a $1 billion cost-cutting program under CEO Tim Wentworth, with some success.

It currently employs 312,000 people in 12,000 stores in eight countries, according to its website, a sharp decline from the 25 countries, 450,000 employees and 21,000 stores it had four years ago.

Many of the company's missteps were under former CEO Stefano Pessina, also its largest single shareholder, whose tenure at the helm saw Walgreens' market capitalization shrink by about half to less than $50 billion when he exited in 2021.

In 2021, Walgreens announced it took a majority interest in VillageMD for $5.2 billion, following its initial stake acquisition in 2019. That proved to be a cash drain and is now a good exit candidate for Sycamore.

Walgreens concluded a two-step acquisition of Swiss-based Alliance Boots in 2014, a pharmacy-led health and beauty group that is now considered by analysts as a likely candidate for a spin-off.

The company stuck to its buying spree, snapping up almost 2,000 stores from its former rival Rite Aid Corp in 2018. But that store footprint proved too big and soon after the acquisition, Walgreens started to close locations.

There were also missed opportunities. While its top rival CVS has diversified its business beyond retail, including acquiring U.S. health insurer Aetna for almost $70 billion in 2018, Walgreens reportedly considered buying insurer Humana but eventually dropped the idea.

The deal includes a 35-day go-shop period.

"Given the size and number of moving parts involved - a potential split of the U.S. business, Boots, and Health - we don't expect a competing bid to come over the top," said Michael Cherny, an analyst with Leerink.

https://ca.finance.yahoo.com/news/walgreens-taken-private-sycamore-10-221555262.html

#17961754 at 2022-12-17 18:16:17 (UTC+1)
Q Research General #22016: 1 More Before 17th Edition

These Are The Richest Billionaires In Each Country

The Full List

As it turns out, billionaires are a lot more geographically concentrated than you might think.

In fact, of the 195 officially recognized countries around the world, only 76 are home to billionaires. And even within these countries, there's vast disparities between the quantity of billionaires.

Here's a breakdown of all the countries that have at least one billionaire. For countries with more than one, we've highlighted the billionaire with the highest net worth as of November 28, 2022:
Country/territory Name Net worth ($B) Main source of wealth (sector)
🇩🇿 Algeria Issad Rebrab 5.1 food
🇦🇷 Argentina Marcos Galperin 4.0 e-commerce
🇦🇲 Armenia Ruben Vardanyan 1.3 investment banking
🇦🇺 Australia Gina Rinehart 27.9 mining
🇦🇹 Austria Georg Stumpf 7.9 real estate, construction
🇧🇩 Bangladesh Muhammed Aziz Khan 1.0 power
🇧🇧 Barbados Rihanna 1.4 music, cosmetics
🇧🇪 Belgium Eric Wittouck 9.0 investments
🇧🇿 Belize Kenneth Dart 4.0 investments
🇧🇷 Brazil Jorge Paulo Lemann 15.6 beer
🇧🇬 Bulgaria Georgi & Kiril Domuschiev 1.9 animal health, investments
🇨🇦 Canada David Thomson 53.2 media
🇨🇱 Chile Iris Fontbona 19.6 mining
🇨🇳 China Zhong Shanshan 66.7 beverages, pharmaceuticals
🇨🇴 Colombia Luis Carlos Sarmiento 6.3 banking
🇨🇾 Cyprus John Fredriksen 11.4 shipping
🇨🇿 Czechia Renata Kellnerova 16.0 finance, telecommunications
🇩🇰 Denmark Anders Holch Povlsen 11.9 fashion retail
🇪🇬 Egypt Nassef Sawiris 7.2 construction, investments
🇪🇪 Estonia Kristo Kaarmann 1.4 payments, banking
🇫🇮 Finland Antti Herlin 3.9 elevators, escalators
🇫🇷 France Bernard Arnault 179.5 LVMH
🇬🇪 Georgia Bidzina Ivanishvili 4.8 investments
🇩🇪 Germany Beate Heister & Karl Albrecht Jr. 35.1 supermarkets
🇬🇷 Greece Vicky Safra 7.1 banking
🇬🇬 Guernsey Stephen Lansdown 2.3 financial services
🇭🇰 Hong Kong Li Ka-shing 33.0 diversified
🇭🇺 Hungary Sandor Csanyi 1.1 finance, real estate
🇮🇸 Iceland Thor Bjorgolfsson 2.5 investments
🇮🇳 India Gautam Adani 133.6 infrastructure, commodities
🇮🇩 Indonesia R. Budi Hartono 23.4 banking, tobacco
🇮🇪 Ireland John Collison & Patrick Collison 8,1 payments software
🇮🇱 Israel Eyal Ofer 14.4 real estate, shipping
🇮🇹 Italy Giovanni Ferrero 34.4 Nutella, chocolates
🇯🇵 Japan Tadashi Yanai 29.2 fashion retail
🇰🇿 Kazakhstan Vladimir Kim 5.0 mining
🇱🇧 Lebanon Taha Mikati 2.8 telecom
🇱🇮 Liechtenstein Christoph Zeller 2.2 dental materials
🇲🇴 Macau Hoi Kin Hong 1.2 real estate
🇲🇾 Malaysia Quek Leng Chan 10.2 banking, property
🇲🇽 Mexico Carlos Slim Helu 86.2 telecom
🇲🇨 Monaco Stefano Pessina 9.3 drugstores
🇲🇦 Morocco Aziz Akhannouch 1.8 petroleum
🇳🇵 Nepal Binod Chaudhary 1.5 diversified
🇳🇱 Netherlands Charlene de Carvalho-Heineken 15.0 Heineken
🇳🇿 New Zealand Graeme Hart 10.1 investments
🇳🇬 Nigeria Aliko Dangote 12.9 cement, sugar
🇳🇴 Norway Andreas Halvorsen 6.6 hedge funds
🇴🇲 Oman Suhail Bahwan 2.0 diversified
🇵🇪 Peru Carlos Rodriguez-Pastor 4.3 finance
🇵🇭 Philippines Manuel Villar 7.0 real estate
🇵🇱 Poland Michal Solowow 6.0 investments
🇵🇹 Portugal Maria Fernanda Amorim 4.5 energy, investments
🇶🇦 Qatar Faisal Bin Qassim Al Thani 1.9 hotels
🇷🇴 Romania Ion Stoica & Matei Zaharia 1.6 data analytics
🇷🇺 Russia Andrey Melnichenko 27.0 coal, fertilizers
🇸🇬 Singapore Li Xiting 16.6 medical devices
🇸🇰 Slovakia Ivan Chrenko 1.6 real estate
🇿🇦 South Africa Johann Rupert 9.0 luxury goods
🇰🇷 South Korea Jay Y. Lee 7.9 samsung
🇪🇸 Spain Amancio Ortega 62.5 Zara
🇰🇳 St. Kitts and Nevis Myron Wentz 1.3 health products
🇸🇿 Swaziland (Eswatini) Nathan Kirsh 5.4 retail, real estate
🇸🇪 Sweden Stefan Persson 15.3 H&M
🇨🇭Switzerland Guillaume Pousaz 23.0 fintech
🇹🇼 Taiwan Zhang Congyuan 6.7 shoes
🇹🇿 Tanzania Mohammed Dewji 1.5 diversified
🇹🇭 Thailand Sarath Ratanavadi 12.2 energy
🇹🇷 Turkey Ibrahim Erdemoglu 6.5 carpet
🇺🇦 Ukraine Rinat Akhmetov 4.3 steel, coal
🇦🇪 United Arab Emirates Pavel Durov 15.1 messaging app
🇬🇧 United Kingdom Michael Platt 15.2 hedge funds
🇺🇸 United States Elon Musk 191.2 Tesla, SpaceX
🇻🇪 Venezuela Juan Carlos Escotet 3.2 banking
🇻🇳 Vietnam Pham Nhat Vuong 4.7 diversified
🇿🇼 Zimbabwe Strive Masiyiwa 1.2 telecom

https://www.zerohedge.com/personal-finance/these-are-richest-billionaires-each-country

#10096509 at 2020-07-28 01:41:55 (UTC+1)
Q Research General #12922: Hydroxychloroquine Trending Hard Edition

Walgreens CEO to step down
Stefano Pessina has decided to exit the role. He will become executive chairman when a new chief executive is appointed.

(Bloomberg)-Walgreens Boots Alliance Inc. said that Stefano Pessina plans to step down as chief executive officer, a move that comes as the drugstore giant faces the pandemic and longer-term shifts in the pharmacy business.

Pessina will assume the role of executive chairman after Walgreens appoints a new CEO, the company said in a statement. James Skinner will step down as executive chairman but plans to remain on the board to help with the leadership transition.

Walgreens shares were down about 2.5 percent this morning. Since the start of this year, the stock had declined 33%.

Pessina, 79, orchestrated the merger between Walgreens and Alliance Boots, the European pharmacy giant. He became CEO of the combined Walgreens Boots Alliance in 2015, shortly after completing the deal. Along with rival CVS Health Corp., Walgreens dominates the pharmacy business in the U.S., with more than 9,000 stores across the country.

Pessina owns more than 16% of the Deerfield, Illinois-based company, accounting for the bulk of his $8.5 billion fortune, according to the Bloomberg Billionaires Index.

Despite Walgreens' mass and ubiquity, investors have been skeptical of its ability to compete in a market where insurers are squeezing pharmacies' profits and online retailers are luring customers away from brick-and-mortar stores. The onset of the Covid-19 pandemic has only heightened those concerns.

Earlier this month, Walgreens said it would cut 4,000 jobs in the U.K. and suspend stock buybacks, citing the effects of the coronavirus pandemic on its business around the world. Traffic in its stores had fallen sharply as the virus spread, and a decline in routine and elective medical care had weighed on prescription volumes.

Over decades of deal-making, Pessina turned his family's Italian wholesale pharmaceutical business into the largest retail pharmacy in the U.S. and Europe.

He previously ran Alliance Boots, which he acquired with KKR & Co. in 2007. The transaction came at the height of the buyout boom and underscored the difficulty of financing jumbo take-private deals, as banks struggled to find buyers for the loans to pay for the transaction.

Pessina is one of Monaco's richest residents and has hobnobbed over the years with royalty and fellow billionaires visiting the city-state. He has received more than $1.5 billion in dividends through his career, according to Bloomberg's wealth index.

Walgreens' board will start a search for Pessina's successor, the company said. It's unclear who might take the reins. The head of Walgreens' U.S. business, Richard Ashworth, left earlier this year to take a job as CEO of Tivity Health Inc. after nearly 30 years with the drugstore chain.

Walgreens' decision not to immediately name a successor suggests the board is open to considering a variety of candidates, said Jefferies analyst Brian Tanquilut. The person selected will signal the strategic direction Walgreens plans to take, whether that's deeper into retail or health care, Tanquilut said.

CVS spent $68 billion to acquire health insurer Aetna in 2018. Pessina has instead dabbled in partnerships, such as one with Laboratory Corp of America Holdings, to bring health services into stores without buying companies outright.

Walgreens earlier this month said it would invest $1 billion in VillageMD to open hundreds of primary-care clinics in its drugstores over the next few years.

https://www.chicagobusiness.com/retail/walgreens-ceo-step-down

#5425088 at 2019-02-28 01:12:35 (UTC+1)
Q Research General #6935: Traditional America Edition

>>5424994
that teneo link stands out….

and then there is this confab back in 2016.
https://www.businesswire.com/news/home/20160906005784/en/Time-Host-2016-FortuneTime-Global-Forum-Rome

Time Inc. (NYSE:TIME) will host the 2016 Fortune/Time Global Forum in Rome and at the Vatican, December 2 and 3, it was announced today by Chairman & CEO Joe Ripp. The unprecedented gathering will convene select global Fortune 500 CEOs, members of the Time 100 and non-profit, academic, religious and labor leaders to address the need for a global economic system that both encourages growth and spreads its benefits more broadly. The two-day conference will culminate in an address by His Holiness Pope Francis.

The 2016 Global Forum Host Committee (Rogues Gallery):

Dominic Barton, Global Managing Partner, McKinsey & Company

Klaus Kleinfeld, Chairman and CEO, Alcoa

Koos Bekker, Chairman, Naspers

Rich Lesser, President and CEO, The Boston Consulting Group

Richard Branson, Chairman, Virgin Group

Andrew Liveris, Chairman, President and CEO, The Dow Chemical Company

John Browne, Executive Chairman, L1 Energy

Federica Marchionni, CEO, Lands' End

Victor L. L. Chu, Chairman, First Eastern Investment Group

Mike McNamara, CEO, Flex

Hernando de Soto, President, Institute for Liberty and Democracy

Denise Morrison, President, Director and CEO, Campbell Soup Company

Lynn Forester de Rothschild, CEO, E.L. Rothschild

Indra Nooyi, Chairman and CEO, PepsiCo

Claudio Descalzi, CEO, Eni

Stefano Pessina, CEO, Walgreens Boots Alliance

Cathy Engelbert, CEO, Deloitte

Maria Ramos, CEO, Barclays Africa Group

Laurence Fink, Chairman and CEO, BlackRock

Giuseppe Recchi, Executive Chairman, Telecom Italia

Roger Ferguson, President, Director and CEO, TIAA

Judith Rodin, President, The Rockefeller Foundation

Alex Gorsky, Chairman and CEO, Johnson & Johnson

Ginni Rometty, Chairman, President and CEO, IBM

Hugh Grant, Chairman and CEO, Monsanto

Martin Sorrell, CEO, WPP

Mo Ibrahim, Chair, Mo Ibrahim Foundation

Andrew Stern, Senior Fellow, Columbia University

Joseph Jimenez, CEO, Novartis AG

John Stumpf, Chairman and CEO, Wells Fargo

Fisk Johnson, Chairman and CEO, S.C. Johnson & Son, Inc.

Darren Walker, President, Ford Foundation

Joe Kaeser, CEO, Siemens

Tom Wilson, Chairman, President and CEO, Allstate

Declan Kelly, Chairman and CEO, Teneo Holdings