Rexall (Canada)
Rexall Pharmacy Group ULC is a chain of retail pharmacies in Canada. Rexall is owned by McKesson Canada Corporation, which is a subsidiary of McKesson Corporation, a U.S.-based public company.[1] Founded in 1904, Rexall has approximately 400 pharmacies across Canada with 8,000 employees.[2]
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![]() A Rexall pharmacy with the current logo in Ottawa, Ontario | |
Rexall | |
Type | Subsidiary |
Industry | Retail, pharmacy |
Headquarters | Mississauga, Ontario, Canada |
Number of locations | 400 (2022) |
Key people | Nicolas Caprio (President) |
Number of employees | 8,000 (2022) |
Parent | Katz Group of Companies (1996–2016) McKesson Corporation (2016–present) |
Website | www |
Footnotes / references [1] |
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History
Rexall Canada was founded in 1904 in the early days of the United Drug Company and quickly established itself as a major retail pharmacy chain. At the same time, Tamblyn Drugs was establishing itself in Toronto, Ontario, and would eventually become Pharma Plus. These two companies would later merge and form the Rexall Pharmacy Group.[3]
McKesson Canada Corporation purchased Rexall in December 2016 for $3 billion from the Katz Group of Companies.[4] At the time it was estimated that Rexall had an average annual revenue of approximately $2.0 to $2.5 billion.[5] Around this time, one of the major rival pharmacies in Canada was Shoppers Drug Mart.[6] In 2018 the president of Rexall at that time, Beth Newlands Campbell, announced that the Pharma Plus brand would be discontinued and all stores would be converted to Rexall in order to create a more consistent look to the chain.[7]
The company was in partnership with Air Miles, which Rexall accepted as a loyalty program. In May 2020, Rexall discontinued its partnership with Air Miles as a loyalty program at its stores and created its own loyalty program called Be Well, with which customers can collect points in order to redeem in-store items, similar to Air Miles.[8]
References
- "About the Company". Rexall. Retrieved 2 February 2018.
- "About the Company". www.rexall.ca. Retrieved 2022-08-29.
- "Rexall.ca | Company". www.rexall.ca. Retrieved 2020-09-22.
- "Rexall drug store chain to be sold to McKesson in $3 billion deal". Financial Post. Retrieved 2020-09-22.
- Shaw, Hollie (2016-03-03). "Rexall drug store chain to be sold to McKesson in $3 billion deal". Financial Post. Retrieved 2022-08-29.
- "Rexall takeover shakes up Canada's drugstore industry". Retrieved 2020-09-22.
- Strauss, Marina (2018-05-21). "How Rexall plans to slim down for healthier profit in a competitive market". The Globe and Mail. Retrieved 2022-09-08.
- "Rexall drops Air Miles to launch its own loyalty program". Retrieved 2020-09-22.
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