Walgreens Boots Alliance Inc. based in Deerfield, Illinois, is a holding company created in December 2014 when Walgreen completed its purchase of privately held Alliance Boots. The combined pharmacy, beauty and healthcare distribution company generated $139.5 billion in FY20 sales through its presence in more than 25 countries. About 75% of revenue is from the Pharmacy USA division. The company has almost 14,000 stores in 9 countries, including 9,277 in the U.S. and 4,605 in the UK and internationally, under the Walgreen, Duane Reade and Boots names. Alliance Healthcare distributes Pharmacy products to over 240,000 stores, clinics and hospitals in more than 20 countries. WBA owns 56.8 million shares of AmerisourceBergen, 28% of the company. Ownership will go to 29% when WBA closes the sale of the majority of Alliance Healthcare to Amerisource. WBA's fiscal year ends on August 31. The company has reclassified its operations with the divestiture of the wholesale businesses and the pharmacy businesses in Norway, Lithuania, and the Netherlands. The new organization has a United States unit, an International unit, and a Corporate & Other segment, which includes corporate costs and company investments.
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Chris Graja, CFASenior Analyst: Retail