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In July 2004, JCPenney sold the Eckerd chain to CVS Corporation and Jean Coutu Group for a total of $4.5 billion (~$6.96 billion in 2023). [10] CVS acquired 1,271 Eckerd stores, and support facilities, in Florida, Texas, and other Southern states, as well as Eckerd's pharmacy benefits management and mail order businesses, for $2.15 billion. [10]
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 ...
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 ...
A large number of acquisitions brought the chain to the state of Michigan in 1984. These were of Grand Rapids, Michigan-based Muir Drug and Remes Drug, along with Lippert Pharmacy of Lowell and Herrlich Drug of Flint; [17] [18] one year later, Rite Aid opened stores in Lansing, Michigan through the acquisition of State Vitamin. [19]
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It continued to operate those stores under the Eckerd name. (The remainder of Eckerd's stores were sold to CVS Pharmacy.) From 1999 to 2004 the chain was the second fastest-growing retailer in the world. In the second quarter of 2005, the company recorded a $19.7 million US foreign exchange loss on items related to the Eckerd acquisition.
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The Breckinridge Metropolitan High School at 1128 E Broadway in Louisville, Ky. on July 10, 2023. ... The Jefferson County Traditional Middle School School at 1418 Morton Ave. in Louisville, Ky ...