Walgreens vs Walmart: Who Owns What in 2023?

 

Introduction:

There's an age-old rumor that has been circulating for years now: that Walmart owns Walgreens. It's a strange rumor that has come out of nowhere but persists. This article will explore the truth behind this myth and debunk it once and for all.

Does Walmart Own Walgreens?

The short answer is no; Walmart does not own Walgreens. While both companies are significant players in the retail industry, they are separate entities with distinct histories and business models.

The History of Walgreens and Walmart:

Walgreens was founded in 1901 as a small neighborhood drugstore in Chicago, Illinois. It grew over the years to become one of the largest pharmacy chains in the United States, with over 9,000 stores nationwide.

On the other hand, Walmart was founded in 1962 by Sam Walton in Bentonville, Arkansas. It started as a single store and quickly expanded to become the world's largest retailer, with over 11,000 stores worldwide.

Why the Rumor Exists:

It's unclear how or why the rumor that Walmart owns Walgreens started, but there are a few possible explanations. One theory is that people confuse the two companies because they sell similar products, such as groceries, personal care items, and over-the-counter medications.

Another possibility is that the confusion stems from the fact that Walmart used to operate pharmacies in some of its stores. However, in 2006, Walmart sold its pharmacy business to CVS Health, which now manages the pharmacies in Walmart stores.

Debunking the Myth: Walmart Does Not Own Walgreens:

To put it simply, Walmart does not own Walgreens. While the two companies may seem similar, they are separate entities with no shared ownership or control.

In fact, Walgreens is owned by Walgreens Boots Alliance, Inc., a multinational company that also owns Boots UK, a leading health and beauty retailer in the United Kingdom.

Conclusion:

While it's easy to see how the rumor that Walmart owns Walgreens could persist, it's important to remember that it is just that: a rumor. These two companies may have much in common, but they are separate entities with unique histories and business models.

FAQs:

Q: Are Walmart and Walgreens affiliated in any way?

A: No, Walmart and Walgreens are not affiliated in any way. They are separate companies with their own ownership structures and business models.

Q: Did Walmart ever own Walgreens?

A: No, Walmart has never owned Walgreens. The rumor that Walmart owns Walgreens is false.

Q: Who owns Walgreens?

A: Walgreens is owned by Walgreens Boots Alliance, Inc., a multinational company that also owns Boots UK, a leading health and beauty retailer in the United Kingdom.