We've really grown tired of these private equity companies

Hourly Walgreens employees will reportedly no longer receive paid time off for six major holidays, including Thanksgiving and Christmas, after the pharmacy giant was acquired by private equity firm Sycamore Partners https://t.co/sSvfMaAIiO

— philip lewis (@Phil_Lewis_) November 17, 2025

Walgreens was sold to private equity firm Sycamore Partners on August 28, 2025, following an agreement in March 2025. The acquisition ended its long history as a public company, and Sycamore Partners plans to split the company into five separate businesses. 

• Sale completion: The deal closed on August 28, 2025. 
• Agreement announced: The purchase agreement was officially announced on March 6, 2025. 
• Buyer: Private equity firm Sycamore Partners. 
Result: Walgreens is now a private company, and its operations have been divided into five separate companies, including the original Walgreens retail stores, The Boots Group, Shields Health Solutions, CareCentrix, and VillageMD.