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Shoppers Drug Mart

Shoppers Drug Mart Corporation (TSX: SC) is Canada's largest pharmacy chain with more than 900 stores operating under the names Shoppers Drug Mart across Canada and Pharmaprix in Quebec

History
At the age of twenty, Murray Koffler inherited two Koffler's Drugs pharmacies in suburban Toronto (one in the Don Mills Centre shopping mall). By 1962, Koffler's had created a chain of 17 pharmacies, which he renamed "Shoppers Drug Mart".

Pharmaprix logoKoffler revamped the concept of the twentieth century “drug store” in Canada by removing the soda fountain and emphasising the dispensary, requiring his pharmacists to wear starched white coats as a symbol of their professionalism. In the mid-1950s, he began acquiring other drug stores and organized them around a then-novel franchising concept: pharmacist “associates” would own and operate their own stores within the system and share in the profits.

Old Shoppers Drug Mart logo on the signage of a Toronto store.When Koffler retired in 1983, he sold the chain to Imasco, formerly Imperial Tobacco, at that time Canada's largest tobacco company.

In 2000, after Imperial Tobacco had been taken over by BAT Industres (formerly British American Tobacco), Shoppers was sold to a consortium of institutional investors including Kohlberg Kravis Roberts & Co. (KKR), Bain Capital, Inc., DLJ Merchant Banking Partners, Charlesbank Capital Partners LLC, Ontario Teachers' Pension Plan Board, CIBC Capital Partners, and Shoppers Drug Mart's senior management and pharmacist/owners

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