Walmart is one of the biggest retailers in the world. And since it is such a large company, it’s no surprise that they own a fair amount of other brands and companies on the market today.
For example, they are well-known for their Sam’s Club stores but did you know they also own Flipkart Wholesale in India and ASDA in the UK.
With that, many people also wonder if Walmart owns Walgreens as well. But do they?
If you’re wondering if Walmart owns Walgreens, you’ve come to the right place. In this article, we’ll be getting to the bottom of who really owns Walgreens and some other companies that Walmart owns that you may not have known.
Keep reading to learn more.
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Is Walgreens Owned By Walmart?
No, Walgreens and Walmart are not owned by the same company. They operate completely independent of each other as Walgreens is owned by the Walgreens Boot Alliance while Walmart is owned by the Walton family.
Because of the similar first syllable in their names, many people have assumed that they are owned by the same family. However, this is not the case.
Who Owns Walgreens And Walmart?
So, who own Walgreens, then?
As mentioned earlier, Walgreens is owned by the Walgreens Boot Alliance. Walgreens was founded in 1901 by Charles Rudolph Walgreens. With that said, Walgreens’ ownership did not stay within the family.
The last member of the Walgreen family who was still involved in the business, Kevin Walgreen, stepped down in 2009. At the time, he was senior vice president of store operations in the southern region.
The Walgreens Boot Alliance is a large holding company of which Walgreens is a part. However, in 2021, Walgreens was acquired by AmerisourceBergen, which now owns a majority stake at Walgreens.
Walmart, on the other hand, is owned by the Walton family. However, Walmart is also a publicly-traded company, so public and private traders also own some stakes in Walmart.
The Walton family owns 50.8% of Walmart, with the rest of the companies stocks being traded on the market.
Is Walgreens Bigger Than Walmart?
Walmart is considered the largest retailer in the world. And while Walgreen’s is fairly well-known in the US, it cannot compete with the retail giant.
Currently, Walmart has approximately 10,500 different stores all around the world. Not all of these are named Walmart as some operate under different names. However, Walmart still owns these stores.
On the flip side, Walgreens has over 9,000 stores across the United States. While this is a lot, it is significantly smaller than Walmart.
What Companies Does Walmart Own?
As mentioned earlier, Walmart owns a fair amount of different brands and companies. Many people are familiar with Sam’s Club stores, which are all owned by Walmart. However, on top of that, Walmart also owns ASDA, Walmart Labs, Amigo Supermarkets, Bare Necessities, and Jet.com.
Walmart owns thousands of different stores worldwide that operate under a number of names, so a list of all the companies they own will be too large to fit in a single article. However, aside from the names mentioned above, here are a couple of other notable companies owned by Walmart;
- ShoeBuy
- Parcel
- MooseJaw
- Hayneedle
- Eloqui
Conclusion
While they share a similar name, Walmart and Walgreens are not related. They are both somewhat named after their founders, with Walmart being founded by the Walton family and Walgreens being founded by Charles Rudolph Walgreen.
Today, Walmart is still primarily owned by the Walton family. But on the other hand, Walgreens is no longer owned by the family and in 2021, the pharmaceutical wholesale company, AmerisourceBergen bought a majority stake at the company, making the company the new primary owners.
