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Peyton Hawes and William Armitage
- Peyton Hawes and William Armitage acquired a controlling interest in five drug stores in three communities in Oregon and Washington, which were named PayLess, and grew their chain through both acquisition and internal expansion.
en.wikipedia.org/wiki/Thrifty_PayLess
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Thrifty PayLess Holdings, Inc. was a pharmacy holding company that owned the Thrifty Drugs and PayLess Drug Stores chains in the western United States.
Thrifty PayLess Holdings, Inc. operates drug store chains. The Company, through its Bi-Mart Corporation subsidiary, also operates membership discount stores.
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Thrifty PayLess, Inc., is the second-largest drug store chain in America. It was formed in 1994 when TCH Corporation, controlled by an investment group managed by Leonard Green & Partners, agreed to purchase the PayLess Drug Stores subsidiary of the giant retailer Kmart.
L.J. Skaggs retained California Pay Less Stores, which became part of Thrifty PayLess, and which are now owned by Rite Aid. The remaining Pay-Less stores were renamed Skaggs Drug Stores in 1948, Skaggs Drug Centers in 1965.
Pay 'n Save was a retail company founded by Monte Lafayette Bean in Seattle, Washington, in 1940. Over the years, Pay 'n Save was the leading drugstore chain in Washington and was the owner of several Washington-based retailers, including Lamonts and Ernst.
By 1984 PayLess Drug Stores was the largest independently owned and operated drug store chain in the United States. It became a wholly owned unit of Kmart in 1985, as part of the Kmart expansion program created by CEO Joseph Antonini. In 1986, there were 225 PayLess stores.
Who owns Payless Drug Stores? Payless Drug Stores is owned by Rite Aid. It was acquired on April 20, 1994.
