Content about Stefano Pessina

May 17, 2013
U.K. deal-maker Stefano Pessina confident in profitable 2013-2014 for Alliance Boots

Alliance Boots posted a double-digit adjusted profit gain of 12.7% to $1.2 billion for its year ended March 31. Almost half of that profit is staked by Walgreens with its 45% share of the European pharmaceutical distributing powerhouse.

A couple days later, Alliance Boots along with Walgreens and AmerisourceBergen announced the necessary regulatory clearances on that strategic partnership, cementing the three companies in place as the largest generic pharmaceutical acquisition company in the world. That deal will further enable the company's to realize greater profit margins.

Alliance Boots posted a double-digit adjusted profit gain of 12.7% to $1.2 billion for its year ended March 31. Almost half of that profit is staked by Walgreens with its 45% share of the European pharmaceutical distributing powerhouse. 

May 15, 2013
Double-digit profit gains for Alliance Boots

Alliance Boots on Wednesday reported a double-digit profit gain for its year ended March 31.

BERN, Switzerland — Alliance Boots on Wednesday reported a double-digit profit gain for its year ended March 31. Underlying profit after tax was up 12.7% to $1.2 billion, though revenue was down slightly by 2.6% to $34.2 billion. 

June 22, 2012
Walgreens, Alliance Boots address merger at analyst meeting

Just a few days after announcing their merger, Walgreens and Alliance Boots leaders sat down to discuss the value of their deal before analysts on Friday.

DEERFIELD, Ill. — Just a few days after announcing their merger, Walgreens and Alliance Boots leaders sat down to discuss the value of their deal before analysts on Friday.

Kicking off the Q&A-style meeting, Walgreens president and CEO Greg Wasson outlined how the drug store chain’s partnership with Alliance Boots came to fruition, noting that the opportunity was identified about 18 months ago. “Along the way ... real opportunities began to come to light, [and we learned] how we could create more value for the two companies,” Wasson told analysts.

June 19, 2012
Walgreens, Alliance Boots to merge

Walgreens and Alliance Boots took the first step in creating what will be the first and largest global retail pharmacy player, the two companies announced Tuesday.

DEERFIELD, Ill. — Walgreens and Alliance Boots took the first step in creating what will be the first and largest global retail pharmacy player, the two companies announced Tuesday. "This creates an opportunity for us together to create an international expansion platform," Walgreens president and CEO Greg Wasson told reporters and analysts early Tuesday morning.

April 4, 2012
Alliance Boots opens store No. 200 in Thailand

Alliance Boots has continued to expand its presence in the global marketplace by opening its 200th store in Thailand.

LONDON — Alliance Boots has continued to expand its presence in the global marketplace by opening its 200th store in Thailand.

The international pharmacy-led health and beauty group said the store — which was inaugurated by executive chairman Stefano Pessina, pharmaceutical wholesale division CEO Ornella Barra and health and beauty division CEO Alex Gourlay on Tuesday — is located in central Bangkok. Alliance Boots opened its first Boots store in Thailand in 1997, the company said.