Stefano Pessina, the Monegasque billionaire and executive chairman of Walgreens Boots Alliance, remains a central figure in global business as he embarks on another bold move at the age of 83…
A recent Times profile highlights his extraordinary career, detailing his evolution from inheriting a struggling family business in Italy to becoming a transformative force in the pharmaceutical and retail sectors.
Pessina’s journey began by revitalizing his family’s wholesaler, Alliance Santé, before orchestrating a series of high-stakes mergers that led to the creation of Walgreens Boots Alliance, now the world’s largest healthcare group. Known for his strategic brilliance and calm demeanor, Pessina has earned a reputation as a “remorseless” dealmaker who calculates every move with precision. His mergers with UniChem, Boots, and Walgreens are testaments to his ability to build and consolidate market leaders.
Despite his successes, the conglomerate has faced challenges in recent years, with Walgreens’ stock plummeting to historic lows. Pessina now seeks to take the company private in collaboration with Sycamore Partners, valuing the group at over $10 billion. This potential deal could involve divesting Boots, the UK’s largest pharmacy chain, or launching it as a standalone entity.
The Times also sheds light on Pessina’s unyielding drive and adaptability, traits emblematic of Monaco’s dynamic business environment. While his next steps remain uncertain, Pessina’s influence over Walgreens’ future trajectory is undisputed. As the Principality celebrates its role as a global hub for visionaries, Pessina’s legacy exemplifies Monaco’s contribution to international commerce and innovation.
Image: Wallgreens Boots Aliance
