Deerfield, IL — Walgreen Co. has completed its acquisition of drugstore.com. The $409 million transaction follows Walgreens’ acquisition last year of New York-based drugstore chain Duane Reade.
Deerfield, IL — Walgreen Co. has completed its acquisition of drugstore.com. The transaction includes all websites directly owned and operated by drugstore.com, as well as its corporate office and customer service and distribution center operations. The $409 million transaction follows Walgreens’ acquisition last year of New York-based drugstore chain Duane Reade.
Walgreens’ president of e-commerce, Sona Chawla, will lead the combined e-commerce business. Dawn Lepore, former drugstore.com CEO and chairman, will continue through a transition period as a strategic advisor to Chawla.
drugstore.com will maintain separate branding of its websites, which include drugstore.com™, Beauty.com™, SkinStore.com™ and VisionDirect.com™. Over the long term, Walgreens will fully integrate the two businesses.
Walgreens is the nation’s largest drugstore chain with fiscal 2010 sales of $67 billion. The company operates 7,714 drugstores in all 50 states, the District of Columbia and Puerto Rico. For more information, visit www.walgreens.com.