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Each operating unit retains its own public identity as a "food store" or a "drug store". The first Jewel-Osco food-drug combination stores were built in 1962. [33] The first Jewel-Osco Family Center was opened in Chicago's Appleton Plaza Shopping center in January 1962. [34] Jewel opened five stores in Michigan in the 1970s, but closed all five ...
In 1961, The Jewel Companies, Inc. acquired Osco Drug Stores. In 1984, American Stores bought Jewel, which had owned Osco Drug since 1961. American Stores was purchased in 1999 by Albertsons. In 2006, Albertsons was broken up and many standalone Osco stores were purchased by CVS Pharmacy. The Osco name remains in place as the drug store ...
After the merger, all of Jewel's subsidiaries soon had an Osco Drug. Some Eisner Food Stores locations were re-branded "Eisner-Osco". When Jewel acquired Star Market in 1964, the first Osco Drug in New England was opened, and some were next to Star Market locations and were branded as "Star-Osco". By 1968, Osco grew to 168 stores in sixteen states.
In 1984, American Stores bought The Jewel Companies, Inc., which had owned Osco Drug since 1961. An Alpha Beta store in Santa Ana, California, in 1974. In 1984, all 34 Alpha Beta stores in Arizona were sold to ABCO Foods, and the stores continued operating under the Alpha Beta name. [2] In Tucson, Alpha Beta-branded stores changed to ABCO ...
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Osco Drug & Sav-on Drugs – freestanding locations acquired by CVS Pharmacy; Osco still exists as the pharmacy within Jewel; Pay 'n Save; Peoples Drug – acquired by CVS Pharmacy; Perry Drug Stores – acquired by Rite Aid in 1995; Phar-Mor – bankrupt due to $500 million embezzlement; some assets acquired by Giant Eagle; Read's Drug Store
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1984 In a hostile takeover, American Stores acquired Jewel Companies (for $1.1B). One aim was to become the first coast-to-coast drug store chain. Curiously, this purchase added Sav-On Drugs, which Jewel had bought in 1980 and which had its beginning with the partnership of O.P. Skaggs, and also returned the Osco drug chain, which L.L Skaggs ...
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