Sycamore Partners aims to double Walgreens' profits over the next few years

Sycamore Partners aims to double Walgreens' profits over the next few years

DEERFIELD, Ill. — The private equity firm that bought Walgreens in a roughly $10 billion transaction aims to double the drugstore chain’s profitability over the next few years, according to an article in Bloomberg.Sycamore Partners is targeting earnings before interest, taxes, depreciation and amortization of about $4 billion, people familiar with the matter said, requesting anonymity because the details are private. Walgreens generated about $2…