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In June 2007, a 109-year-old retail legacy came to an end. Rite-Aid Corporation completed its acquisition of Eckerd Pharmacy by purchasing Jean Coutu USA for $2.3 billion in cash plus $1 billion ...
An Eckerd Pharmacy in Rochester, Pennsylvania, pictured shortly before its conversion into a Rite Aid in August 2007. This location closed in October 2023. [13] On August 23, 2006, The Wall Street Journal announced that Rite Aid would acquire 1,858 Eckerd Pharmacy and Brooks Pharmacy stores from Jean Coutu for US$3.4 billion (~$4.94 billion in ...
The company previously responsible for operating the Brooks chain, The Jean Coutu Group (PJC) USA, Inc., along with Eckerd Corporation, remained active in-name-only subsidiaries of Rite Aid, as shown in the latter company's October 2023 Chapter 11 bankruptcy filings, despite the conversion of the Brooks and Eckerd chains in 2007 and the sale of ...
Rite Aid, the third-largest U.S. drugstore chain, filed for Chapter 11 bankruptcy protection Sunday, and it's likely the company will close a big chunk of its 2,000 stores. ... Rite Aid's downfall ...
In 2006, Rite Aid bought the Eckerd chain in a deal valued at $3.4 billion. In 2018, Walgreens bought 1,932 Rite Aid locations and three distribution centers for $4.4 billion.
As shown in the company's bankruptcy filings, its 2007 acquisitions, The Jean Coutu Group (PJC) USA Inc. (Jean Coutu's former U.S. subsidiary) and Eckerd Corporation, remain active in-name-only subsidiaries of Rite Aid, despite the conversions of Brooks and Eckerd to Rite Aid and Coutu's sale of its remaining shares in Rite Aid 10 years prior. [73]
9155 Telegraph Road in Taylor. 1243 U.S. 31 South in Manistee. 29447 Ford Road in Garden City. 2838 East Court Street in Flint. 1900 East 8 Mile Road in Detroit. 36485 Garfield Road in Clinton ...
[8] [9] JCPenney merged its drug operations into Eckerd in 1997. [10] Many of the original Fay's Drugs locations that have not been closed in favor of stand-alone Eckerd stores (many now Rite Aid and Walgreens locations) still feature the familiar Fay's aisle and pharmacy formats that served as models for drug chains nationwide.
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related to: rite aid brooks eckerd rd houston tx 77087- 6161 Telephone Rd, Houston, TX · Directions · (713) 645-3354