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Article: The Challenge for Albertson's.(American Drug Stores Inc. acquisition)(Brief Article)
- Article from:
- Mass Market Retailers
- Article date:
- October 2, 2000
- Author:
CopyrightCOPYRIGHT 2000 Racher Press, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Albertson's, by virtue of its 1999 acquisition of American Drug Stores, is poised to capitalize on the most attractive synergistic opportunity afforded a mass market retailer in some considerable time: Combining the grocery and drug store expertise of each for the benefit of both.
The considerable challenge of seizing this opportunity falls to two executives: Albertson's president and chief operating officer Peter Lynch, and Kevin Tripp, president of the retailer's drug division. In their favor is their intelligence, experience, capableness and acute grasp of the unique opportunity last year's acquisition has put in their path. Working against them is history: ...