As a result, that same year, Revco sold all of the New England Brooks stores to the Quebec-based Jean Coutu Group, which had already been operating stores in Rhode Island and Massachusetts under the Maxi Drug and Douglas Drug trade names.
Discount Drug Mart was still smaller than the Ohio drug store chains of Revco and Phar-Mor, and even these chains were being threatened by the superstore concept as championed by Kmart, Wal-Mart, and Target Corporation, which were all expanding at a breakneck pace.
He worked as a Real Estate Director and Counsel for Revco Drug Stores, Inc., from 1982 to 1993 and in similar capacities for Family Dollar Stores, Inc., from 1980 to 1982.
By the end of the 1980s the excesses of the buyout market were beginning to show, with the bankruptcy of several large buyouts including Robert Campeau's 1988 buyout of Federated Department Stores, the 1986 buyout of the Revco drug stores, Walter Industries, FEB Trucking and Eaton Leonard.
By the end of the 1980s the excesses of the buyout market were beginning to show, with the bankruptcy of several large buyouts including Robert Campeau's 1988 buyout of Federated Department Stores, the 1986 buyout of the Revco drug stores, Walter Industries, FEB Trucking and Eaton Leonard.