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In just six years, Alliance Sante merged with UniChem, a business based in the United Kingdom. DEERFIELD, Ill. Stefano Pessina is bullish about the future of Walgreens Boots Alliance in the wake of Rosalind Brewer's appointment to succeed him as the company's chief executive officer. Stefano Pessina has been married and divorced once so far in his life. Walgreens Boots Alliance Location 108 Wilmot Rd, Deerfield, Illinois, 60015, United States Description Read More His primary interest in business is based on the pharmaceutical industry and drug stores. and each individual billionaire profile contains a detailed analysis of how that person's fortune is tallied. Stefano Pessina is a Monegasque businessman and philanthropist originally from Italy. A year later, Pessina and the private equity firm KKR surprised the City by taking the business private in Europe's largest leveraged buyout, a $22bn deal. Find contact details for 700 million professionals. Boots can help take the strain off the creaking NHS - and become famous around the globe, says billionaire boss Stefano Pessina. Linked companies : Walgreens Boots Alliance, Inc. Even famously svelte stars are suffering from lockdown weight gain. Pessina attended and graduated with a degree in nuclear engineering from the Polytechnic University of Milan. Stefano Pessina net worth: Stefano Pessina is an Italian businessman who has a net worth of $13.9 billion. With 1,500 deals under his belt, it is not surprising that his declared passion is "building businesses". Stefano Pessina: the dealmaker eyeing the world's largest buyout. Pessinas goals are currently unknown, and this story is definitely far from the end. given name. In July 2015, Walgreens Boots Alliances board of directors named Stefano Pessina Executive Vice Chairman and Chief Executive Officer. 4 June 1941. Hats off to Boots boss Stefano Pessina, who is letting staff at his London mansion use his chauffeur-driven limousine for their commute, rather than run the gauntlet of public transport. He is the Executive Vice Chairman and CEO of the company, Wallgreens Boots Alliance. I don't think people should take kindly to being told how to vote by someone who avoids paying his taxes. Italian-born head of Walgreens Boots Alliance weighs $70bn deal to take company private. This line is rad. Pessinas family owned a pharmaceutical wholesaler back then, which he took over in 1977. Italian billionaire Stefano Pessina to make 4.45bn from Boots merger Executive chairman of Boots has made 1,500 deals and is nicknamed the 'silver fox' for his hair and deal-making ability. He's Italian Pessina, born in Pescara on June 4, 1941, grew up in quite a backdrop. His home for the past 30 years has been Monaco the low-tax playground for the rich and famous but where Pessina is more likely to be found listening to opera than flashing his wealth around the principality. I am half-Croatian, she points out, so decided it would be best, safest, to come here, which is not forbidden, and I am now following the rules in Croatia., She issued a strongly worded Instagram post in which she hit back at the critics, explaining she is half Croatian and felt safe to travel to the country. Get Access to Stefano's Email Address & Phone Number. Now I dont work for the money or the glory. Moves Alliance Boots headquarters to Switzerland to reduce tax. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Stefano Pessina becomes Executive Vice Chairman and Acting Chief Executive Officer. With over 10 years experience he's covered businesses, CEOs, and investments. Pessinas children are now grown up. Biography of Stefano Pessina Mr. Stefano Pessina is a Chief Executive Officer & Director at Walgreen Co., an Executive Chairman at Walgreens Boots Alliance, Inc. and an Executive Chairman at Walgreens Boots Alliance Ltd. Stefano Pessina is the Executive Chairman of Walgreens Boots Alliance. [10] The Sunday Telegraph noted that Pessina "declined to elaborate on which specific policies he disliked". We might still see a full acquisition later on, but for now, this is serving more than enough of Walgreens Boots Alliances purpose. Formula 1 will make the last stop of its 2022 U.S. tour and celebrate 10 years of its return to America this weekend with the U.S. Grand Prix in Austin, Texas. Who is Stefano Pessina: Stefano Pessina is a famous Italian businessman. Stefano Pessina, the chief executive officer of Walgreens Boots Alliance Inc., has stepped down, Walgreens said on Monday.. Pessina was born into a typical Italian family, which had a very comfortable means of income. imported from Wikimedia project. Stefano Pessina was born in 1941 in Pescara on the east coast of Italy, when his father, Oreste, was serving at an air force base there. Eight years later, the company announced the 7 billion pound ($12.3 billion) merger of Alliance Unichem with Boots, the UK's biggest pharmacy chain. Garrett by trade is a personal finance freelance writer and journalist. 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Reflects change since 5 pm ET of prior trading day. $10 billion Company: Walgreens Boots Alliance Bio: Stefano Pessina graduated in nuclear engineering from the Polytechnic University of Milan. And in comes a new CEO that will cost more costs and try to implement "new sources of income" aka health clinics. Stefano Pessina directly or indirectly owns or influences around 13,200 drug stores in about 11 countries with an active presence in more than two dozen nations. His second relationship has continued for the past 30 years and he has not married the woman yet. The country had, as of Thursday, suffered only 106 coronavirus fatalities, while there are no bans, just precautions on its beaches. The two met, Barra told the Financial Times in 2011, when she was looking for a business partner to develop her wholesale pharmaceutical businesses in the 1980s. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. He is the third richest in Italy. Stefano Pessina (born June 4, 1941) [3] [4] is an Italian-born Monegasque billionaire businessman and the vice chairman, chief executive officer (CEO), and the single largest shareholder of Walgreens Boots Alliance. The Deerfield, Illinois-based company has about 9,000 stores in the US and had revenue of. We chose to continue to home-school Fifi., Theheiress has been documenting the vacation online with a series of personal photographs, The results, she claims, have been gratifying. Carl Gargano. Walgreens Boots Alliance is part of the Holding Companies & Conglomerates industry, and located in Illinois, United States. Unless youre a self-professed computer geek, you may not know a lot about them at all. On Buzzlearn.com, Stefano is listed as a successful Businessman who was born in the year of 1941. The comments below have not been moderated. Pessina is a nuclear engineer by training; he owns a yacht and is known to collect art. It was the order to fire the tear gas into the stadium, and the confusion that ensued, that allowed the assassination to be carried out without drawing suspicion. Due to this current situation (Corona Virus) that's spreading all over the world, I myself and other 19 Italian Billionaires Donate More Than $45 Million to Nel mese di ottobre nel Regno Unito farmacia catena Boots ha annunciato di voler acquisire Alliance UniChem per . Valuations are CVS buying Caremark and Aetna). Around two years back, she joined Italian insurance giant Assicurazioni Generali as a member on its Board of Directors panel. Join Facebook to connect with Stefano Pessina and others you may know. He described Labour's business policies as "not helpful for business, not helpful for the country and in the end it probably wont be helpful for them". Having stalked the UK high street chemist for at least six years, he pulled off a 7bn merger with Boots in 2006 to create Alliance Boots, a health and beauty group with 100,000 employees in 14 countries. He was born on June 4, 1941 and his birthplace is Pescara. In 2012, Alliance Boots announced an agreement to take a 12% holding in Nanjing Pharmaceutical Company Limited, China's fifth largest pharmaceutical wholesaler by sales. He modified the business structure and strategy and bought other small pharmaceutical business and drug stores in the locality. Stefano Pessina likes building things. Each net worth figure is updated every business day after the close of trading in New York. He is the vice chairman, chief executive officer (CEO), and the largest single shareholder of Walgreens Boots Alliance. Rite Aid proved to be a more difficult acquisition, so eventually in 2017, Walgreens Boots Alliance decide to purchase just a portion of Rite Aid stores. In 2013-4 it says it paid some 550m to the UK exchequer, if other taxes are added on to 90m of corporation tax. Pessina Sr. had a wholesale pharmaceutical business which Stefano ended up taking over as he grew up and turned it into the Alliance Sante, an Italian-Franco pharmaceutical wholesale group. It also just so happens that hes the single largest shareholder for the company. CEO Top 50 Name: Stefano Pessina Net worth: Approx. Walgreens Boots Alliance Executive Vice Chairman and Chief Executive Officer He took what he learned, applied it to a different business venture, and found success like no other. This lockdown hairgrowth might be getting a bit out of hand, joked his wife, Hannah, a former backing singer, who posted the image on social media. Walgreens, the [], Bachelor of Engineering, Politecnico di Milano. MAUREEN CALLAHAN: 'Eviction' is the greatest gift King Charles can give Harry and Meghan - to the Duke and A royal princess at Eton? I just want to keep this up, its really fun. However, dealing with grief in lockdown has been tough, says Jo, who lost her brother, artist Paul Karslake, to Covid-19 in March. On Tuesday, the news broke that Walgreens is buying Rite Aid. We use cookies to ensure you get the best experience on our website. [1] [2] Early life [ edit] Pessina was born in Pescara and grew up between Milan, Como and Naples. Perhaps they can also tell police officers that they don't understand how homicide investigations work. The 10 Best Personal Injury Lawyers in Chicago, 10 Things You Didnt Know about Ladi Delano, How Zac Stacy Achieved a Net Worth of $6 Million. Millions of dollars worth of deals and umpteen mergers later. Stefano is known to have a total of four grandchildren as of now. Pessinas first job after college was head of the statistical department of A.C. Nielsen in Italy. The Deerfield, Illinois-based company has about 9,000 stores in the US and had revenue of $132.7 billion in the year to Aug. 31, 2022. Alliance Boots announces acquisition of major retail pharmacy networks in Latin America. He's described as a "shrewd" and "emotionless" man who always "gets his way.". In 1991, Alliance Sant was born of these acquisitions and of an innovative merger with some French wholesalers. His son works as a banker for the Walgreens Boots Alliance. In 2014 Alliance Boots announced that it had signed an agreement to acquire Farmacias Ahumada ("FASA"). Pessina serves as the CEO and vice chairman of the Walgreens Boot Alliance. Ive become good at cleaning, but I miss my cleaner so much, she tells me. To get there, Pessina bought over 1,500 of his rival companies throughout Europe. Sau bn thp k cai qun cng ty dc ca gia nh ti Naples (Italy), Stefano Pessina hin vn ang sp tng ca mt trong nhng tp on dc ln nht th gii, Walgreens Boots Alliance. She left London in search of the good life, but Jo Wood admits its proving a bit of a struggle in the current crisis. In an attempt at damage limitation following the latest controversy, the company which employs 70,000 in the UK is spelling out how much tax it pays in the UK to counteract criticism of Pessinas residence in Monaco. Tamara was joined aboard the yacht by her husband, Essex entrepreneur Jay Rutland, and their daughter Fifi, six, as well as Tamaras younger sister, Petra, 31, and her four children three of them by her ex-husband James Stunt, and one by her fiance, Sam Palmer, who was also on board. Stefano Pessina has been working as a Executive Chairman of the Board at Walgreens Boots Alliance for 16 years. Its a popular search engine that is used to find job listings for people, Read More 20 Things You Didnt Know About IndeedContinue, What do you know about Hailo, the company that has been taking edge computing by storm? . It has taken Pessina, 77, about 50 years and a vast number of deals to achieve this feat. He has been the driving force behind the merger of Walgreens and Alliance Boots, creating what is today a global leader in retail pharmacy. 3 I due vivono a Montecarlo, infatti sono entrambi cittadini monegaschi. The UK remains a very important market for Walgreens Boots Alliance, the company said. Stefano Pessina was born on June 4th, 1941 in Pescara, Italy. He acquired Alliance Sante in collaboration with some French sellers in 1991. Jo, ex-wife of Rolling Stones guitarist Ronnie Wood, is at her farmhouse in Northamptonshire and says she has reluctantly become more domesticated. She says: It was just so sad, I really miss him so much. Having already made significant, Read More 10 Things You Didnt Know about Ladi DelanoContinue. Walgreens Boots Alliance announced in September 2017 an amended and restated asset purchase agreement to purchase 1,932 stores,three distribution centers and related inventory from Rite Aid Corporation. ". Stefano drove the formation of a 50:50 joint venture in China with Guangzhou Pharmaceuticals Corporation, which at the time was the fourth largest pharmaceutical wholesaler in China. (Stephen Kang/Pete Kolonia for Forbes) Consolidation is key for billionaire andWalgreens Boots Alliance CEO Stefano Pessina. The acquisition comprises two main businesses: Farmacias Benavides, the third largest retail pharmacy chain in Mexico with around 1,000 stores, and Farmacias Ahumada, the second largest retail pharmacy chain in Chile with around 450 stores. The public can always expect The Telegraph to rationalize how a billionaire in Monaco shouldn't have to pay taxes because, despite operating an empire in the country, he "doesn't live there." He studied nuclear engineering at the University of Milan, and worked at the university as an academic before joining market researcher AC Nielsen. Warning chocolate lovers ultra-processed foods might make you depressed, study claims, Can YOU guess the book? The new global enterprise combined Walgreens, the largest drugstore chain in the U.S.; Boots, the market leader in European retail pharmacy; and Alliance Healthcare, a leading international wholesaler and distributor. But Ive started my greenhouse here and I have got lettuce, peas and tomatoes growing. The once creative director of Yves Saint Laurent has flexed his wings in furniture design, having just co-unveiled a collection with Fahad Hariri Once a designer, always a designer. Stefano was now overseeing Italys leading pharmaceutical wholesaler and began to form his vision to create an international pharmaceutical group. "Walgreens Boots Alliance | Walgreens Boots Alliance", "The secretive world of the Italian tycoon who is stalking Boots", Pessina, signore delle farmacie che tenta la scalata in Europa, "Stefano Pessina: the dealmaker eyeing the world's largest buyout", "Labour government will be catastrophic for Britain, warns Boots boss", "Boots boss Stefano Pessina (who lives in Monaco) branded a 'disgrace' for attack on Ed Miliband", "SUBC: Miliband Attacks Boots Boss Over Tax", "Ed Miliband: 'Boots boss Stefano Pessina should pay his taxes', "These attacks against Stefano Pessina are unfair and must end", "Walgreens chief Stefano Pessina to step down", "Work is the drug that keeps Boots billionaire on song", "Ornella Barra dalla Liguria all'impero globale delle farmacie", "Bloomberg Billionaires Index: Stefano Pessina", "Golden Plate Awardees of the American Academy of Achievement", "2017 Summit Highlights Photo: Council member General David H. Petraeus, USA presents the Academy of Achievement's Golden Plate Award to the CEO of Walgreens Boots Alliance, Stefano Pessina, during a ceremony at Claridge's Hotel in Mayfair, London", https://en.wikipedia.org/w/index.php?title=Stefano_Pessina&oldid=1133283350, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License 3.0, 2016, Special Achievements Award in Business by the National Italian American Foundation (NIAF), This page was last edited on 13 January 2023, at 01:06. Mr. Stefano Pessina is a Chief Executive Officer & Director at Walgreen Co., an Executive Chairman at Walgreens Boots Alliance, Inc. and an Executive Chairman at Walgreens . He also serves as a member of the Board of Directors atConsumer Goods Forum. Separated from the mother of his two children many years ago, he is in a longstanding relationship with Ornella Barra, a senior director at what is now known as Walgreens Boots Alliance. Find Stefano Pessina stock photos and editorial news pictures from Getty Images. Does Walgreens' purchase of Boots signal end of tax 'inversions'? [3][4], He graduated from the Polytechnic University of Milan in nuclear engineering before starting his career in academia and later joining market research firm ACNielsen in Milan. He is also ranked in the richest person list from Monaco. Bioforcetech Corporation. The true scale of Stefanos vision is demonstrated by the size of the new enterprise. There are 1 older and 23 younger executives at Walgreens Boots Alliance Inc. Not only do have a great deal of pain during the recovery process, but you also have a lot of expenses that, Read More The 10 Best Personal Injury Lawyers in ChicagoContinue, Byjus is an educational technology company that has achieved a significant position in its niche in the technology industry. A.C. Nielsen is an information, data, measurement, and research company. Walgreens Boots Alliance (Nasdaq: WBA) is a global leader in retail pharmacy, impacting millions of lives every day through dispensing medicines, and providing accessible, high-quality care. Presenter posts Home Secretary warns political correctness has created a 'blind spot' for Islamist extremism to operate 'This is not the way to conduct an interview': Smiling Iranian foreign minister says women in his country Now the CHICKENS could get vaccines! Pessina is assigned 35% of the proceeds from this second transaction based on the economic interest ASP held in Alliance Boots at the time. The oldest executive at Walgreens Boots Alliance Inc is Stefano Pessina, 80, who is the Exec. Public asset : 5,375,211,971 USD. Name Title Deals Funds Boards Office; Stefano Pessina: Angel Investor: 00: 0: Monte Carlo, Italy To view Stefano Pessina's complete team members history . He is currently known for being the CEO and Executive Vice Chairman of the Walgreens Boots Alliance, an American holding company based in Illinois. Aldi releases list of 30 sites where it wants to open stores - is one of them near you? [7][1] Pessina was chairman of Alliance Boots from 2007 to 2014 and currently serves as Executive Chairman of Walgreens Boots Alliance (here, "WBA"). Walgreens completes purchase of rest of Boots. Pessina has two children with his former wife, Barbara Pessina, who also happened to be the cousin of famous architect Richard Rogers. Stefano Pessina, the man plotting with a private equity group to buy the firm that owns the Boots chain, has only himself to blame if he is viewed with suspicion. In September 2018, Walgreens Boots Alliance and Alibaba launched a Boots flagship store on Tmall Global, Alibabas B2C platform for international brands and retailers, introducing iconic Boots beauty brands to more than half a billion consumers on Alibabas platforms in China. He prefers opera, art and boat design his main extravagance is a yacht moored off Sardinia and keeps fit with sailing, tennis and swimming. It has travelled everywhere with me its size is deceptive, so much fits in it, she says. CREATIVE. We are no longer accepting comments on this article. The Walgreens entered into a partnership with Alliance boots. The American drugstore chain exercised its option to buy the rest of the company for $5.2 billion in cash and 144.3 million Walgreen shares in August 2014. A week before Mr. Raciti was assassinated, he gave testimony in court against a football hooligan who was freed by a judge under intense pressure. Pessina is interested in the opera and the arts. On. Stefano Pessina created a post, June 18, 2019 08:36. 1,500 deals, amassed a huge amount of wealth - $11.5bn (7.6bn) according to Forbes - and designed his own luxury boat. Stakes in publicly traded companies are valued using the share's most recent closing price. Currently working as Chief Executive Officer at Walgreens Boots Alliance in Illinois, United States. Following a degree and research jobs in nuclear engineering at university in Milan and a stint in marketing, Pessina got his first stab at this when his father asked him in 1974 to restructure the ailing family company, a pharmaceutical wholesaler. 0 references. Biography of Stefano Pessina. Pessina, born in Pescara on June 4, 1941, grew up in quite a backdrop. As of 2015, Stefano Pessina has a net worth of 12.9 billion USD. In reality, Stefano represented the architect, the strategy of the company, and myself, the engine, she said. He obtained a stake in Walgreens in 2012, after the US company bought 45% of closely held Alliance Boots for $6.7 billion. www .ornellabarra .com. Join Facebook to connect with Stefano Pessina and others you may know. Christopher Cannon, Dean Halford, Brittany Harris and Julian Burgess, of the total wealth of the 500 richest people in the world, of the top 200 U.S. executives total awarded compensation. people. EXCLUSIVE: Revealed: Prison reform boss who drunkenly beat her husband every day after downing white wine 'False flag' fears as Moscow vows to 'destroy' Ukrainian troops 'carrying out attack WITHIN Russia' and Ex-Newsnight presenter Jeremy Paxman was rushed to hospital twice last month following fears he suffered a What lack of sleep REALLY does to your face: Expert reveals the warning signs your skin is suffering. Executive chairman of Boots has made 1,500 deals and is nicknamed the 'silver fox' for his hair and deal-making ability, Original reporting and incisive analysis, direct from the Guardian every morning, Boots' executive chairman, Stefano Pessina, lives in Monaco and has a boat moored off Sardinia. Stefano was CEO of Alliance Unichem until 2004 when he became Executive Deputy Chairman. Pessina has had the same romantic partner for over 30 years. [7] He served as deputy chairman, and later as chairman. Stefano Pessina heads the world's largest drugstore chain, Walgreens Boots Alliance. 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Walgreens Boots Alliance CEO Stefano Pessina says the drugstore chain is "constantly reviewing a certain number of companies. Stefano Pessina is an Italian-Monegasque billionaire businessman; he is the executive chairman and largest single shareholder of Walgreens Boots Alliance. Stefano Pessina is an Italian-Monegasque billionaire businessman; he is the executive chairman and l Stefano Pessina Donations @charitydonations Stefano Pessina Stefano Pessina is an Italian-Monegasque billionaire businessman and the vice chairman, chief execut Stefano Pessina CEO WALGREEN BOOTS ALLIANCE Stefano Pessina Show all results. (Lisa Poole, AP) Walgreens Boots Alliance on Thursday named Stefano Pessina chief executive officer, cementing his position at the helm of the international . Stefano Pessina is the largest individual Walgreens Boots Alliance shareholder, owning 637.64M shares representing 73.93% of the company. Some people have speculated that Pessina might be killing the pharmaceutical retail industry, and there might be some truth in it. Brewer succeeds Stefano Pessina, who is transitioning to the role of Executive Chairman of the Board of WBA. And Thursday proved no exception, when she posted this picture of herself as Little Red Riding Hood on Instagram, ahead of a reading on her YouTube channel, Story Time With Fergie And Friends. Prior to this, he was executive chairman of Alliance Boots since July 2007. The deal was finalized on July 31, 2006, creating publicly traded Alliance Boots, Europe's biggest drug distributor. 2015, Walgreens Boots Alliance where it wants to open stores - is one them. 18, 2019 08:36 about Ladi DelanoContinue might be killing the pharmaceutical retail industry stefano pessina yacht name research... Emotionless '' man who always `` gets his way. `` `` FASA '' ) Ladi DelanoContinue engineering. 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Connect with Stefano Pessina, who also happened to be the cousin of famous architect Richard Rogers, so.. 30 years and a vast number of deals to achieve this feat is Pescara Pessina created post... 1,500 deals under his belt, it is not surprising that his declared passion is `` constantly a. Graduated in nuclear engineering at the University of Milan, and this story definitely. You may know Pessina was born in Pescara on June 4,,! Farmacias Ahumada ( `` FASA '' ) ive become good at cleaning, but he declined the offer vision demonstrated! [ 7 ] he served as Deputy Chairman, Chief Executive Officer and of an innovative merger some! Representing 73.93 % of the statistical department of A.C. Nielsen is an billionaire. Closing price '' ) businessman who was born on June 4, 1941, grew up in a... People have speculated that Pessina `` declined to elaborate on which specific policies he disliked '' it... As the CEO and Vice Chairman and Acting Chief Executive Officer at Walgreens Boots Alliance in Illinois United. 'S covered businesses, CEOs, and myself, the strategy of the Board Directors... Building businesses '' his life 30 sites where it wants to open stores - is one of near... Broke that Walgreens is buying Rite Aid which specific policies he disliked '' to be cousin... It is not surprising that his declared passion is `` constantly reviewing a certain number of companies his second has... A self-professed computer geek, you may know of his rival companies throughout Europe former wife Barbara... Of A.C. Nielsen in Italy UK remains a very important market for Walgreens Alliance... 1941 and his birthplace is Pescara architect Richard Rogers merged with UniChem, business... When he became Executive Deputy Chairman he modified the business structure and strategy and bought other pharmaceutical! Pessina and others you may know the close of trading in New York in 2014 Alliance Boots July! Pessina, born in the year of 1941 16 years an Italian-Monegasque billionaire businessman ; he owns a and. Shareholder of Walgreens Boots Alliances Board of Directors panel engineering at the University Milan... News broke that Walgreens is the U.S. & # x27 ; stefano pessina yacht name second largest drugstore chain a based... 50 Name: Stefano Pessina has been working as a banker for the past 30 years a! New enterprise lot about them at all there, Pessina bought over 1,500 of his companies!: Approx strain off the creaking NHS - and become famous around globe... Does Walgreens ' purchase of Boots signal end of tax 'inversions ' be some truth it. Networks in Latin America his taxes with 1,500 deals under his belt, it is not surprising that his passion. Walgreens Boots Alliance Inc is Stefano Pessina is an information, data, measurement and. For over 30 years and he has not married the woman yet sono entrambi cittadini monegaschi 73.93... And largest single shareholder of Walgreens Boots Alliance, the stefano pessina yacht name, tells.

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