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October 21, 2014, 4:34 pm
970 WMAY News

Walgreen Company Could Move Headquarters From Illinois to Europe

Shareholders are reportedly pressuring Illinois-based Walgreen Company to move its corporate operations to Europe… a move that could shave the company’s tax bill almost in half.


But the Wall Street Journal says so far, the drug store giant’s corporate executives have resisted the move to leave the state where the company was founded more than 100 years ago.


Walgreen’s acquired a major stake in a Swiss-based company two years ago, and that could serve as the basis for a new headquarters if the company did decide to leave the Chicago area.

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