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In 1968, Shoppers Drug Mart grew to 52 stores in Ontario by merging with 33 Plaza Drugstores. 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.
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.
Shoppers Drug Mart was founded in 1962 by Toronto pharmacist, Murray Koffler. He believed that it was possible to build a national organization of pharmacies without sacrificing the personalized service of the local community pharmacist.
- 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 ...
Shoppers Drug Mart began as a small family pharmacy founded by Leon Koffler in a Jewish neighborhood of Toronto. Koffler ’ s family was originally from a small village in Romania, and little is known about them except that Leon and his mother and three older sisters moved to Toronto when Leon was about 15 years old.
Shoppers Drug Mart Corporation (TSX: SC Archived 2011-07-25 at the Wayback Machine) is Canada's largest pharmacy chain. Shoppers Drug Mart is headquartered in the Toronto, Ontario. The chain was founded by Murray Koffler in 1962. The store is also called Pharmaprix in Quebec and Hawkesbury, Ontario. [1]
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Oct 31, 2022 · That was the vision of our founder, pharmacist Murray Koffler. When he opened the first Shoppers Drug Mart in Toronto in 1962, he wanted to build a national network of pharmacies without losing sight of the importance of providing local, personalized service.
