Duane Reade

Duane Reade is a chain of ubiquitous drugstores in New York City. The store was founded in 1960 on Broadway between Duane and Reade Streets in lower Manhattan in the vicinity of City Hall. Duane Reade completed its initial public offering (IPO) on February 10 1998. It traded on the New York Stock Exchange under the ticker symbol DRD until August 2 2004 when it was acquired by Oak Hill Capital Partners and taken private.

The chain has greatly expanded in recent years, growing from 67 stores in 1997 to 241 stores at the end of 2003. Sales for the 2003 fiscal year totaled $1.4 billion.

External link

• Duane Reade Web site
• DwayneGreed.com—a union Web site opposing certain practices of Duane Reade