Headlines

Walgreen Gets Green Light from FTC

Duane Reade purchase will be finalized next month

Published

14 years ago

March 31, 2010

VMSD Staff

Walgreen Co. (Deerfield, Ill.) says that the Federal Trade Commission has cleared its acquisition of New York City drugstore chain Duane Reade and expects the sale to be finalized in the next few weeks.

The sale will boost Walgreen’s presence with 257 Duane Reade stores in the New York metro area.

Walgreen offered to buy privately held Duane Reade Holdings in February for $623 million, including $457 million in debt held by Duane Reade. Walgreen says the acquired stores will keep the Duane Reade name.

MasterClass: ‘Re-Sparkling’ Retail: Using Store Design to Build Trust, Faith and Brand Loyalty

HOW CAN WE EMPOWER and inspire senior leaders to see design as an investment for future retail growth? This session, led by retail design expert Ian Johnston from Quinine Design, explores how physical stores remain unmatched in the ability to build trust, faith, and loyalty with your customers, ultimately driving shareholder value.

Presented by:
Ian Johnston
Founder and Creative Director, Quinine Design