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Adams Drug Company was an American drugstore chain founded in the 1930s by Leonard Salmanson.
With his father Barnett Salmanson and brothers Samuel, Donald and Charles, Leonard I. Salmanson opened the family's first stores in 1932 under the name Adams Drug Company in Woonsocket and Pawtucket, Rhode Island, selling health and beauty aids and assorted sundries.
Expansion and acquisitions produced one of the largest drugstore chains in the country, with over 500 stores in 14 states employing more than 5,000 people.
Under Leonard's leadership, the Salmanson family also diversified into manufacturing and real estate holdings, purchasing the Gong Bell Mfg. Co., in East Hampton, Connecticut, a toy business, the Clover Bead & Jewelry Co., in Pawtucket, and the Colt Plastics Co., North Grosvernordale, Connecticut.
Always seeking to attract new industry, the Salmanson family formed the Ivy Co. to purchase the former Raycrest Mills, in Pawtucket; Wanskuck Buildings Inc., to develop the former Wanskuck Mills, Providence; and the Drake Co., to buy and develop a 180,000-square-foot (17,000 m2) industrial site on Webster Street in Pawtucket. [1]
Many[ who? ] trace Brooks Pharmacy's roots back to Adams Drug Company. At that time Adams acquired several hundred stores under the Brooks Drug banner in Vermont and New York, and also operated stores under several other different trade names throughout the Northeast.
In 1984, Pantry Pride, a defunct Florida-based supermarket chain acquired the Adams Drug Company, which had then consisted of about 500 stores throughout the Northeast. The following year, all of Pantry Pride's assets including Adams, were acquired by corporate raider Ronald Perelman's Revlon subsidiary. Shortly after the Perelman acquisition, in 1986, all Adams stores were converted over to the Brooks trade name.
Jewel-Osco is a regional supermarket chain in the Chicago metropolitan area, headquartered in Itasca, a western suburb. In 2007, the company had 188 stores across northern, central, and western Illinois; eastern Iowa; and portions of northwest Indiana. Jewel-Osco has been a wholly owned subsidiary of Boise-based Albertsons since 1999. The company originally started as a door-to-door coffee delivery service before it expanded into delivering non-perishable groceries and later into grocery stores, and supermarkets. Prior to its 1984 acquisition by American Stores, Jewel evolved into a large multi-state holding company that operated several supermarket chains and other non-food retail chain stores located from coast to coast and had operated under several different brand names.
Osco Drug and Sav-on Drugs were the names of a pair of chain pharmacies that operated in the United States. Osco Drug was founded by the Skaggs family. Alpha Beta grocery store was purchased by American Stores in 1961. Skaggs Drug Centers bought American Stores in 1979 and assumed the American Stores name. Sav-on Drugs was a California-based pharmacy chain that was acquired by Osco's parent company in 1980. Both Osco and Sav-on stores eventually came under the ownership of American Stores, then Albertsons, and finally SuperValu before the stores were sold off.
The Jean Coutu Group (PJC) Inc. is a Canadian drugstore chain headquartered in Varennes, Quebec. It has more than 400 franchised locations in New Brunswick, Ontario and Quebec under the PJC Jean Coutu, PJC Clinique, and PJC Santé banners. The company was once the third largest distributor and retailer of pharmaceuticals and related products in North America, with nearly 2,200 drug stores. Its American stores have been sold to Rite Aid.
Eckerd Corporation was an American pharmacy retail chain that was headquartered in Largo, Florida, and toward the end of its life, in Warwick, Rhode Island. At its peak, Eckerd was the second-largest pharmacy chain in the United States, with approximately 2,802 stores in 23 states as far west as Arizona.
Acme Markets Inc. is a supermarket chain operating 161 stores throughout Connecticut, Delaware, Maryland, New Jersey, the Hudson Valley of New York, and Pennsylvania and, as of 1998, is a subsidiary of Albertsons, and part of its presence in the Northeast. It is headquartered in East Whiteland Township, Pennsylvania, near Malvern, a Philadelphia suburb.
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. It is the third-largest drugstore chain in the United States, with over 2,000 stores, and ranked No. 148 in the Fortune 500 in 2022.
Rexall was a chain of American drugstores, and the name of their store-branded products. The stores, having roots in the federation of United Drug Stores starting in 1903, licensed the Rexall brand name to as many as 12,000 drug stores across the United States from 1920 to 1977. The "Rex" in the name was derived from the name of Ellen M. Regis—"Regis" being Latin for "of the king"—who developed "Rexall remedies" and from whom the company purchased the mark.
Shaw's and Star Market are two American supermarket chains under united management based in West Bridgewater, Massachusetts, employing about 30,000 associates in 150 total stores; 129 stores are operated under the Shaw's banner in Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont, while Star Market operates 21 stores in Massachusetts, most of which are in or near Boston. Until 2010, Shaw's operated stores in all six New England states, and as of 2021 Shaw's remained the only supermarket chain with stores in five of the six, after it sold its Connecticut operations. The chain's largest competitors are Hannaford, Market Basket, Price Chopper, Roche Bros., Wegmans, and Stop & Shop. Star Market is a companion store to Shaw's, Shaw's having purchased the competing chain in 1999.
Hook's Drug Stores was an Indianapolis, Indiana-based drug store chain which was founded in 1900 by John A. Hook. The chain flourished throughout central Indiana for most of the 20th-century.
Longs Drugs is an American chain owned by parent company CVS Health with approximately 70 drugstores throughout the state of Hawaii and formerly in the Continental US.
The Pantry, Inc. was a publicly traded convenience store chain based in Cary, North Carolina that operated Kangaroo Express stores. The Pantry was founded in 1967 by Sam Wornom and Truby Proctor, Jr. in Sanford, North Carolina The company has been publicly traded since June 1999 and owned by investors since 1987, when then investor Montrose Capital purchased controlling shares from Wornom and Proctor. Recent CEOs have included the former chairman of the board and interim CEO Edwin J. Holman, who took over after Terrance M. Marks, the former president and CEO, resigned in December 2011. Dennis Hatchell was the CEO of the company as of 2012.
Skaggs Companies was the predecessor to many famous United States retailing chains, including Safeway, Albertsons, Osco Drug, and Longs Drugs. The company owned several drugstore chains, but all of them were sold. Skaggs Cos. became American Stores in 1979.
American Stores Company was an American public corporation and a holding company which ran chains of supermarkets and drugstores in the United States from 1917 through 1998. The company was incorporated in 1917 when The Acme Tea Company merged with four small Philadelphia-area grocery stores (Childs, George Dunlap, Bell Company, and A House That Quality Built) to form American Stores. In the following eight decades, the company would expand to 1,575 food and drugstores in 38 states with $20 billion in annual sales in 1998.
Brooks Pharmacy was a chain of more than 330 pharmacies located throughout New England and New York and was a well-recognized name in the New England pharmacy industry for several decades. The corporate headquarters were located in Warwick, Rhode Island.
Peoples Drug was a chain of drugstores based in Alexandria, Virginia. Founded in 1905, Peoples was subsequently purchased by Lane Drug in 1975, Imasco in 1984, and finally by CVS in 1990, which continued to run the stores under the Peoples banner until 1994, at which time the stores were converted to CVS, marking the end of the use of the Peoples Drug name.
Food Fair, also known by its successor name Pantry Pride, was a large supermarket chain in the United States. It was founded by Samuel N. Friedland, and his brother George I. Friedland who opened the first store in Harrisburg, Pennsylvania, in the late 1920s. As of 1957, Food Fair had 275 stores, and at its peak, the chain had more than 500 stores. Friedland's family retained control of the firm through 1978, when the chain entered bankruptcy.
VPS Convenience Store Group was an American convenience store chain headquartered in Wilmington, North Carolina that could trace its roots to the founding of the first Village Pantry convenience store in 1966. VPS was sold in two parts in 2013 and 2015 to GPM Investments.
Private equity in the 1980s relates to one of the major periods in the history of private equity and venture capital. Within the broader private equity industry, two distinct sub-industries, leveraged buyouts and venture capital experienced growth along parallel although interrelated tracks.
GPM Investments LLC (GPM) is a convenience store owner and operator based in Richmond, Virginia. Founded in 2003, it originally operated the Fas Mart and Shore Stop brands of convenience stores, and decided to expand.