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Walgreens
Walgreens was founded in 1901 in Chicago by Charles R. Walgreen Sr., who purchased the drugstore where he had previously worked as a pharmacist, and the company grew over the following century into one of the largest pharmacy chains in American history. The company is widely credited with popularizing the malted milkshake in the 1920s at its in-store soda fountains, a feature that became a defining part of the classic American drugstore experience for decades before being phased out of most locations. Walgreens merged with European pharmacy and health retail giant Alliance Boots in 2014 to form Walgreens Boots Alliance, creating one of the largest pharmacy-led health and wellness companies in the world with a footprint spanning multiple continents. Walgreens's combination of its century-plus American drugstore heritage, including its role popularizing the soda-fountain milkshake, and its transformative merger with Alliance Boots has made it one of the most globally significant pharmacy chains in the industry.
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Duane Reade
Duane Reade was founded in 1960 by brothers Abraham, Jack, and Eli Cohen, taking its name from Duane Street and Reade Street in Lower Manhattan, near where the company's original warehouse operations were based, and it grew into an iconic fixture of New York City street corners. The chain became particularly known for its unusually dense concentration of stores throughout New York City, often placing multiple locations within just a few blocks of each other in Manhattan, a saturation strategy distinctive even compared to other major urban pharmacy chains. Walgreens acquired Duane Reade in 2010, and while the chain has continued operating under its original name and distinct branding within New York City, it has functioned as a regional subsidiary of the larger Walgreens Boots Alliance rather than an independent company since the acquisition. Duane Reade's combination of its deep, block-by-block saturation of New York City street corners and its status as a distinct regional brand within the larger Walgreens family has made it one of the most locally iconic pharmacy chains in the country.
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