Have you guys seen this news? Walgreens has agreed to buy Rite Aid for $17.2B.
Rite Aid will initially continue to operate under its own banner, but changes will be made over time regarding how to merge the businesses. Walgreens acquired Duane Reade in 2010 and continues to operate the stores under a co-branded banner in the New York market. However, it’s more likely that Rite Aid stores will take on the Walgreens brand as the Deerfield, Illinois-based retailer continues to build a global brand.
I don’t think I’ve ever actually been in a Rite Aid since we don’t have them here, but for those of you who have shopped both: What do you think of this news?