Roughly 10 weeks after drugstore giant Walgreens announced its intention to acquire online retailer Drugstore.com for approximately $409 million, the company this morning said that it has completed the purchase.
The transaction includes all websites directly owned and operated by Drugstore.com, as well as its corporate office and customer service and distribution center operations.
Walgreens President of E-commerce Sona Chawla will lead the combined e-commerce business.
Dawn Lepore, former drugstore.com CEO and chairman, is not sticking around, although he will apparently continue through a transition period as a strategic advisor to Chawla.
Drugstore.com will maintain separate branding of its websites.
Over the long term, Walgreens says it will fully integrate the two businesses and intends to enhance its multi-channel product assortment and the overall customer experience by “leveraging drugstore.com’s current websites”.
drugstore.com, inc. (Pre acquisition ticker Nasdaq:DSCM) is a leading online retailer of health, beauty, clinical skincare, vision, and pharmacy products. Our portfolio of brands includes: drugstore.comâ„¢, Beauty.comâ„¢, SkinStore.comâ„¢, and VisionDirect.comâ„¢. All provide a convenient, private, and informative shopping experience while offering a wide assortment of more than 55,000 non-prescription products at competitive prices. The drugstore.com pharmacy is certified by the National Association of Boards of Pharmacy (NABP) as a Verified Internet Pharmacy Practice Site (VIPPS) and operates in compliance with...