Duane Reade

Duane Reade is a regional drugstore chain which was founded by three brothers in 1960.

On February 17, 2010, rival Walgreens announced they would be purchasing all of the Duane Reade locations for a proposed sale of $1.1 billion pending government approval.http://money.cnn.com/2010/02/17/news/companies/Walgreens_Duane_Reade/index.htm?hpt=T2

Its name originates from the stores location which was between the Duane and Reade streets on Broadway in downtown New York City.http://nymag.com/nymetro/shopping/features/11908/ The stores sell most all items you would find in your typical drugstore, plus seasonal, some household, and grocery items. In 1992 Duane Reade was acquired by Bain Capital for $230 million.http://findarticles.com/p/articles/mi_hb3007/is_n13_v15/ai_n28623833/ Bain later sold it to Donaldson, Lufkin & Jenrette in 1997http://findarticles.com/p/articles/mi_m3374/is_n17_v19/ai_19938203/. On February 10th, 1998 it had its IPOhttp://www.thestreet.com/story/12091/1/dows-rising-tide-lifts-ipos-boats.html, and on August 2nd, 2004 Oak Hill Capital Partnershttp://sec.gov/Archives/edgar/data/895364/000095014204002802/ex99-1form8k_080204.txt made it private again. Today the majority of stores remain located in New York City, and while there are a few in New Jersey, Manhattan is Duane Reade's main territory. The stores are heavily populated around Manhattan, and the stores bring in heavy foot traffic for its locations in the city.

• CVS

• Rite Aid

• Walgreens