NEW YORK — Although the true beauty of Walgreen Co.’s deal to acquire the assets of Kerr Drug, disclosed on Tuesday, lies in the purchase of a company with a strong foundation in pharmacy and wellness, the agreement also nets Walgreens a robust cosmetics business and ripe markets for Look Boutiques.
In particular, Raleigh, N.C.-based Kerr Drug operates in small, yet growing, communities, where shoppers often don’t have access to premium brands that Walgreens can deliver. The merchandising team, spearheaded by respected industry veteran Bill Baxley, is credited with building a very loyal following to its stores beauty department.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"