Kerr Drug was an American chain of 76 drug stores throughout North Carolina. Its headquarters were located in North Carolina. On September 10, 2013, Walgreens announced its purchase of Kerr; the company was founded in Raleigh by Banks Kerr in 1951. The chain was operating 97 stores. In 1996, when JCPenney attempted to purchase Eckerd Drug, the FTC forced JCPenney to divest itself of 34 former Kerr Drug stores and 130 Rite Aid stores; these stores were purchased by a group led by former Thrift Drug executives led by Anthony Civello who became Kerr Drug's President & CEO who left the JC Penney organization following the Eckerd acquisition. Kerr Drug Online
Stefano Pessina is an Italian-born Monegasque billionaire businessman and the vice chairman, chief executive officer, the single largest shareholder of Walgreens Boots Alliance. Pessina was born in Pescara and grew up between Milan and Naples, he graduated from the Polytechnic University of Milan in nuclear engineering before starting his career in academia and joining market research firm ACNielsen in Milan. In 1977, Pessina took over his family's pharmaceutical wholesaler in Naples and turned it into Alliance Santé, a Franco-Italian pharmaceutical wholesale group. In 1997, it merged with Alliance UniChem, he joined its board of directors. From 2001 to 2004, he served as its CEO, he served as deputy chairman, as chairman. The company merged with Boots Group PLC in 2006 and was taken private in July 2007. Pessina was chairman of Alliance Boots from 2007 to 2014 and serves as Executive Vice Chairman and Chief Executive Officer. Pessina is a director of Walgreens Boots Alliance, he is a director of the Consumer Goods Forum.
Pessina has been the partner of Ornella Barra since 1985. Pessina has two adult children, his ex-wife is the cousin of the architect Richard Rogers. His son Jacopo Pessina serves as Director M&A and Healthcare Innovation International at Walgreens Boots Alliance; as of February 2015, he is worth US$11.4 billion, owning around 15% of Walgreens Boots Alliance.. He has lived in Monte Carlo, for many years. In a 31 January 2015 interview for The Sunday Telegraph, Pessina commented on the prospect of Britain's Labour Party winning the UK general election in May 2015, "If they acted as they speak, it would be a catastrophe... The problem is would they act that way or not? One thing is to threaten and to shout but it is different to be in charge and to manage the country day-to-day." He described Labour’s business policies as "not helpful for business, not helpful for the country and in the end it won’t be helpful for them". The Sunday Telegraph noted that Pessina "declined to elaborate on which specific policies he disliked".
On Sunday 1 February, Labour's shadow Business Secretary Chuka Umunna, responded in The Independent, "The British people and British businesses will draw their own conclusions when those who don’t live here, don’t pay tax in this country and lead firms that avoid making a fair contribution in what they pay purport to know what is in Britain’s best interest." On 2 February, in a live Q&A session with Sky News, the Labour Party leader Ed Miliband said, "The chairman of Boots lives in Monaco and doesn't pay British taxes... I don't think people should take kindly to being told how to vote by someone who avoids paying his taxes."On 2 February, Walgreens Boots Alliance stated, "The comments made by Stefano Pessina were a small part of a much larger conversation and have been taken out of context... Stefano Pessina was expressing his personal views only and is not campaigning against Ed Miliband or the Labour Party." On 6 February, Allister Heath, deputy editor of The Telegraph, described the "attacks" by Labour and Liberal Democrat politicians on Pessina, "one of the world’s greatest entrepreneurs", as being "as nonsensical as they were indefensible".
He makes 540 times the median employee for the company. Pharmacists for the company have not received any raises in over four years
Drug Fair was the name of a chain of drugstores based in New Jersey. The company kept its headquarters in Somerset, New Jersey and was founded in 1954. In addition to its drugstore chain Drug Fair owned and operated Cost Cutters, a discount drug and general merchandise chain which sold many of the same items and did business in the same areas as Drug Fair stores. Like its competitor CVS had in the previous decade, in the 2000s Drug Fair introduced a discount card called "We Care,", the company's slogan; the card was good at any Drug Fair or Cost Cutters store as both store's logos were printed on the cards. In 2005 Drug Fair was acquired by Sun Capital Partners, a private equity firm that owns stakes in several nationwide chain businesses. Drug Fair underwent a rapid expansion beginning in the mid-1990s, by mid-2008 Drug Fair operated 50 locations. Cost Cutters, which hadn't expanded as aggressively and had seen several locations close, comprised another eleven locations. While popular and continuing to have a loyal customer base, competition from other chains such as CVS, Rite Aid began to erode business from these stores.
Signs that the chain was in trouble emerged in March 2009, when two Drug Fair locations in Raritan and Rockaway, New Jersey closed abruptly. Soon thereafter reports began surfacing that Drug Fair had fallen behind on their rent payments, as well as on payments to their suppliers which resulted in store inventory dropping. Shortly after the two stores closed Drug Fair announced it was filing for Chapter 11 bankruptcy protection. Just prior to the filing Drug Fair announced it was selling thirty-one drugstores to Walgreens, who purchased prescription lists from several other Drug Fair locations. After the purchase Drug Fair announced that their stores in Bridgewater, North Arlington, East Rutherford, New Jersey would be liquidated and closed along with one of their two locations in Clifton, New Jersey. Shortly thereafter, another ten Drug Fair locations and nine Cost Cutters stores were marked for closure; these stores began liquidating afterward and were shuttered in May 2009. As for the stores that Walgreens elected to keep open, they continued to do business as Drug Fair while awaiting conversion to Walgreens.
On May 16, 2009, the sale was finalized and Drug Fair's corporate headquarters was closed. On that date the Drug Fair stores still in the chain became Drug Fair ceased to exist. Drug Fair was the third of three Sun Capital Partners businesses to liquidate and close in the span of twelve months. Easton, MarylandManassas Park, Virginia Plainfield, New Jersey Westfield, New Jersey Hillside, New Jersey
Cunningham Drug (U.S.)
Cunningham Drug was a drugstore chain based in Detroit, Michigan. Founded in October 1889 by Andrew Cunningham, the chain operated within the state of Michigan, was once the largest drugstore chain in the state, its Michigan locations were closed and reopened in 1982 as Apex Drug, were sold to Perry Drug Stores. The last stores remained open in Florida until 1991. Andrew Cunningham opened the first Cunningham drug store in Detroit in October 1889. In 1931, the 50-store Economical Drug chain based in Detroit, consolidated with Cunningham, which at the time had thirteen stores. Economical Drug owner Nate Shapero assumed control of the Cunningham chain. Cunningham announced a merger with Marshall Drug Co. of Cleveland, Ohio in 1940. Between 1958 and 1959, the chain announced mergers with two other chains: Broward Drug of Fort Lauderdale and Kinsel Drug Co. of Detroit. Following the merger, Cunningham became the largest drugstore chain in Michigan, had locations in several other states. An effort was made by the United States Department of Justice to dissolve the Kinsel merger, citing that it was in violation of the Clayton Antitrust Act.
The dissolution was canceled in 1963. An acquisition of Whelan Drug in Florida added fourteen more Cunningham locations to that state in 1964; the chain sold 28 Florida stores to Gray Drug of Ohio. The chain sold off twenty-eight of its Michigan stores in 1982 to a private company, which re-branded them as Apex Drug. Three years most of the Apex locations were sold to Perry Drug Stores, another chain based in the Detroit metropolitan area; the remaining Cunningham stores were sold off or shuttered.