Business & Finance: Drugstore Doings

Not the biggest drugstore chain in the U. S., but the biggest money-maker is Walgreen Co. It operates fewer stores (508) than United Drug, Inc. (568), has had none of the financial headaches of that rival. United operates mostly in the East (Liggett stores) and in California (Owl stores), while Walgreen concentrates in the Midwest. In 1932 United was eager to merge with Walgreen but was turned down, and next year the Liggett-controlled chains went through bankruptcy. Walgreen prospered during Depression, even expanded. Last week, to furnish working capital for further expansion, Walgreen...

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