Content about wholesaler

Zug, Switzerland -- Swiss drugstore chain Alliance Boots said Monday it has acquired a 12% stake in Chinese pharmaceutical wholesaler Nanjing Pharmaceutical Co. for $88.5 million.

The deal follows Walgreen Co.’s $7 billion investment in Alliance Boots in a move to expand into China.

Alliance Boots runs the largest drugstore chain in the United Kingdom.

Walgreen’s initial plan is to acquire about 45% of Alliance Boots with an option to buy the rest of the company in three years.

Levi Strauss & Co. is making a conscious effort to transform consumers’ perceptions of the company from a mere wholesaler to a true multichannel retail company. At the heart of this transition: a focus on serving shoppers locally and creating assortments that meet their needs. 


Worldwide, Levi Strauss operates almost 3,000 stores, comprised of corporate, franchise and outlet locations. While the company’s iconic brand is recognized around the globe, that is not enough to align Levi Strauss with shoppers on a global level.