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1979
- In 1971, Shoppers Drug Mart purchased 87 Cunningham Drug Stores in British Columbia and Alberta. In 1972, Koffler and the Steinberg grocery chain together launched the Pharmaprix pharmacy chain in Quebec. Koffler later bought out Steinberg's 50% stake in 1979, to take full control of Pharmaprix.
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In 1971, Shoppers Drug Mart purchased 87 Cunningham Drug Stores in British Columbia and Alberta. In 1972, Koffler and the Steinberg grocery chain together launched the Pharmaprix pharmacy chain in Quebec. Koffler later bought out Steinberg's 50% stake in 1979, to take full control of Pharmaprix.
Shoppers Drug Mart is born when Murray Koffler opens a 4,000 square-foot drug store at the Shoppers World plaza in Toronto. Life Brand ® products were created, and the Company’s first private label products are introduced.
- Early Years
- Expansion
- New Ownership, New Programs
- Purchase by Loblaw
In the early 1920s, Leon Koffler opened a pharmacy on College Street in Toronto, Ontario. When he died in 1941, his teenaged son, Murray, took over the business. The two Koffler’s Drug Store locations used the self-service model of supermarkets: customers could pick products from shelves rather than wait for a clerk. Responding to the growth of Tor...
In 1968, Shoppers Drug Mart merged with the Plaza Drug Stores chain and grew from 19 to 52 stores. The first stores outside Ontario opened in Moncton, New Brunswick in 1969. Shoppers entered Western Canada in 1971, buying 87 Cunningham Drug Stores in Alberta and British Columbia. In 1972, Shoppers partnered with supermarket and discount department ...
In 1999, Imasco’s majority owner, British American Tobacco, bought out the company and began breaking up its assets. In 2000, it sold Shoppers to a group including the Ontario Teachers’ Pension Plan and global investment firms Kohlberg Kravis Roberts and Bain Capital for $2.55 billion. The new owners took the company public, listing it on the Toron...
In March 2014, George Weston Ltd. acquired Shoppers Drug Mart for $12.4 billion and delisted it from the TSX. Shoppers became a separate division of Loblawand began to stock President’s Choice and No Name products alongside its Life brand items, as well as more fresh foods in select stores. The deal helped Loblaw more than double its profit in the ...
The original name is Shoppers Drug Mart. When they started opening stores in Québec in the 70s, they named them Pharmaprix. Could be adapted as Pharmaprice in the most anglophone provinces. Although people get used to any store or dans name if you use good marketing.
Most of the stores operate under the Shoppers Drug Mart name, except in Quebec, where the stores are called Pharmaprix. In addition, the company runs approximately 40 Shoppers Home Health Care stores.
Shoppers Drug Mart Corporation (TSX: SC) today announced a definitive agreement under which Loblaw will acquire all of the outstanding Shoppers Drug Mart common shares for $33.18 in cash plus 0.5965 Loblaw common shares per each Shoppers Drug Mart common share, on a fully pro rated basis.
In 1968, Shoppers Drug Mart grew to 52 stores in Ontario by merging with 33 Plaza Drugstores. In 1970, Shoppers Drug Mart purchased 100 Cunningham Drug Stores in British Columbia and Alberta. 1972 marked the grand opening of the first Pharmaprix store in Québec.
