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   When did Rite Aid buy Thrifty PayLess?

   • December 1996 marked the largest acquisition in Rite Aid history--a merger with Thrifty PayLess Holdings, Inc., which had sales of $4.4 billion in 1,007 stores in the western United States. The price tag was $1.4 billion in stock and the assumption of almost $900 million in debt.

   Rite Aid Corporation -- Company History

   www.company-histories.com/Rite-Aid-Corporation-Company-History.html

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   How many Thrifty stores were converted to Rite Aid?

   • During 1997 and 1998 the more than 1,300 Thrifty, PayLess, K&B, and Harco stores were converted to the Rite Aid banner. Many of the acquired stores were older, outdated stores, sorely in need of a remodeling. The company began a multiyear process of converting the units to the Rite Aid format.

   Rite Aid Corporation -- Company History

   www.company-histories.com/Rite-Aid-Corporation-Company-History.html

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   What happened to Rite Aid?

   • At the same time, the company divested operations in certain areas where its market share was weak. During 1996 Rite Aid sold 37 drugstores and the assets of 72 more stores in Florida, as well as 33 drugstores and the assets of 21 others located in Massachusetts and Rhode Island.

   Rite Aid Corporation -- Company History

   www.company-histories.com/Rite-Aid-Corporation-Company-History.html

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   What happened to Rite Aid in 1973?

   • In 1973, despite the Middle East oil embargo and ensuing recession, Rite Aid again began making acquisitions. It acquired the 49-store Thomas Holmes Corp. chain and the 50-store Warner chain, both in greater Philadelphia. The company also set about creating distribution centers that could handle the rapidly multiplying number of Rite Aid stores.

   Rite Aid Corporation -- Company History

   www.company-histories.com/Rite-Aid-Corporation-Company-History.html

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   How much did Rite Aid make in 1993?

   • By midyear Rite Aid appeared well positioned. Market value, once $1.3 billion in 1993, reached about $2.5 billion. Rite Aid set out to open, renovate, or expand 1,000 more stores over a three-year period. In 1996 Rite Aid continued to restructure its business to operate larger, higher-volume, and more profitable drugstores.

   Rite Aid Corporation -- Company History

   www.company-histories.com/Rite-Aid-Corporation-Company-History.html

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   Does Rite Aid buy Thrifty ice cream?

   • Rite Aid acquired the chain in 1996...Poway, Calif., dairy supplier Bon Suisse Inc. buys close to 800,000 gallons of Thrifty ice cream a year and parcels it out to locations in California, Arizona, Nevada and Mexico: restaurants, hotels, ice cream dipping stations, grocery stores and even a handful of prison commissaries.

   Thrifty PayLess - Wikipedia

   en.wikipedia.org/wiki/Thrifty_PayLess

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2. en.wikipedia.org › wiki › Thrifty_PayLessThrifty PayLess - Wikipedia

   en.wikipedia.org › wiki › Thrifty_PayLess

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   In 1996, Rite Aid acquired 1,000 West Coast stores from Thrifty PayLess Holdings, creating a chain with over 3,500 drug stores. [ 2 ] Thrifty PayLess, Inc. remained an active subsidiary of Rite Aid (owning stores purchased from Thrifty PayLess), as shown in the company's October 2023 Chapter 11 bankruptcy filings.

3. www.latimes.com › archives › la-xpm-1996/10/15-fiRite Aid to Buy Thrifty Chain for $2.3 Billion - Los Angeles ...

   www.latimes.com › archives › la-xpm-1996/10/15-fi

   Oct 15, 1996 · Rite Aid Corp., the nation’s largest drugstore chain, said Monday it has agreed to acquire Thrifty PayLess Inc. in a $2.3-billion deal that would spread Rite Aid’s name and operations to the...

4. www.company-histories.com › Rite-Aid-CorporationRite Aid Corporation -- Company History

   www.company-histories.com › Rite-Aid-Corporation

   • Cached

   December 1996 marked the largest acquisition in Rite Aid history--a merger with Thrifty PayLess Holdings, Inc., which had sales of $4.4 billion in 1,007 stores in the western United States. The price tag was $1.4 billion in stock and the assumption of almost $900 million in debt.

5. www.spokesman.com › stories › 1996Rite Aid To Buy Thrifty Payless Inc. | The Spokesman-Review

   www.spokesman.com › stories › 1996

   Oct 15, 1996 · Rite Aid Corp., the nation's largest drugstore chain, has agreed to acquire West Coast competitor Thrifty PayLess Inc. for about $1.4 billion in stock. The purchase, announced Monday, would...

6. www.nytimes.com › 1996/10/15 › businessRite Aid to Buy Thrifty Payless for $1.3 Billion - The New ...

   www.nytimes.com › 1996/10/15 › business

   Oct 15, 1996 · In an acceleration of the wave of consolidation sweeping the drugstore industry, the Rite Aid Corporation, the second-largest druggist in the country, said yesterday that it had agreed to...

7. www.wsj.com › articles › SB845249288598019500Rite Aid Agrees to Buy Thrifty for $1.4 Billion - WSJ

   www.wsj.com › articles › SB845249288598019500

   Oct 14, 1996 · Rite Aid Corp. unveiled an agreement Monday to acquire West Coast giant Thrifty Payless Holdings Inc. for nearly $1.4 billion in stock plus the assumption of debt, a move that will create...

8. www.deseret.com › 1996/10/14 › 19271572RITE AID TO ACQUIRE THRIFTY PAYLESS – Deseret News

   www.deseret.com › 1996/10/14 › 19271572

   Oct 14, 1996 · Rite Aid Corp., the nation's largest drugstore chain, has agreed to acquire West Coast competitor Thrifty PayLess Inc. for about $1.4 billion in stock.