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Duane Reade Inc. (/ d w eɪ n ˈ r iː d / dwayn REED) is a chain of pharmacy and convenience stores owned by Walgreens Boots Alliance. Its stores are primarily in New York (metropolitan New York City and Nassau, Suffolk, Westchester, Rockland, and Fairfield counties) in addition to in New Jersey .
Walgreens is acquiring the Now, New York's iconic Duane Reade drug stores has fallen into the clutches of a national retailer. Walgreens buys Duane Reade in RX for growth
In 2010, Walgreens acquired New York City-area chain Duane Reade for $1.075 billion, including debt, and continued to use the Duane Reade name on some stores in the New York City metropolitan area. [21] In March 2011, Walgreens acquired Drugstore.com for $409 million. [22]
On October 27, 2015, Walgreens announced the purchase of competitor Rite Aid for $17.2 billion (equivalent to $21.6 billion in 2023). [12] [13] However, that deal was later scrapped due to antitrust concerns in favor of a $5.18 billion deal (equivalent to $6.33 billion in 2023), [12] in which Walgreens only acquired half of Rite Aid locations. [14]
Walgreen (WAG) said Wednesday it will acquire drugstore chain Duane Reade from affiliates of private equity firm Oak Hill Capital Partners in a deal valued at $1.08 billion, which includes ...
A spokesperson for Walgreens said that about 25% of the stores were not contributing to the chain's long-term strategy, per the Columbus Dispatch, and as a result, will close a "significant ...
Many pharmacy chains in the United States are owned and operated by regional supermarket brands, or national big-box store brands such as Walmart. These pharmacies are located within their larger chain stores. The three largest free-standing pharmacy chains in the United States are Walgreens, CVS, and Rite Aid.
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