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Begley’s becomes Rite Aid, 1988

Posted on June 15, 2015 | in Uncategorized | by
Red McDaniel and Paul Fletcher, employees of Smithers Sign Co., put up a new Rite Aid Pharmacy sign April 28, 1988 on the former Begley drugstore in Imperial Shopping Center on Waller Avenue in Lexington. Rite Aid, at the time the nation’s largest drugstore company, bought Begley’s for $18.5 million in 1988. It won a nine-week takeover battle against SupeRx of Arizona, Georgia and Alabama Corp. Begley, which was based in Richmond had 43 drugstores in Kentucky and 140 dry-cleaning outlets in 10 states under the name Big B One Hour Cleaners. The Begley Co. once employed 1,400 people. Photo by Michael Malone | staff

Red McDaniel and Paul Fletcher, employees of Smithers Sign Co., put up a new Rite Aid Pharmacy sign on  April 28, 1988, at the former Begley drugstore in Imperial Shopping Center on Waller Avenue in Lexington. Rite Aid, at the time the nation’s largest drugstore company, bought Begley’s for $18.5 million in 1988. It won a nine-week takeover battle against SupeRx of Arizona, Georgia and Alabama Corp. Begley, which was based in Richmond, had 43 drugstores in Kentucky and 140 dry-cleaning outlets in 10 states under the name Big B One Hour Cleaners. The Begley Co. once employed 1,400 people. Photo by Michael Malone | Staff

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