Rite Aid expanding its Michigan presence with acquisition of Perry Drug Stores.
This article was originally published in The Tan Sheet
Executive Summary
RITE AID EXPANDING MICHIGAN PRESENCE WITH PERRY ACQUISITION, which has commenced under a definitive merger agreement. Of its total of over 2,600 stores, Rite Aid currently operates 124 outlets in Michigan. The acquisition of the 224-store Perry Drug chain will allow Rite Aid to expand its presence in the state and enter the Detroit market for the first time.