Genovese Drug Stores
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Genovese Drug Stores
Genovese Drug Stores was a pharmacy chain located in the New York City- Long Island area of the United States, including northern New Jersey, along with Fairfield County, Connecticut and Hartford County, Connecticut. It was acquired by JCPenney in 1998 and merged with the latter's subsidiary Eckerd. Genovese was founded in 1924 by Joseph Genovese, in Astoria, Queens. By 1978, when Genovese died, the chain had grown to 50 locations. It opened its first Manhattan location in 1993. At time of its sale in 1998 to JC Penny, the still family-controlled chain was headquartered in Melville, New York and had 141 stores and 5,000 employees. Five years after the acquisition, the Genovese name ceased to exist when all the remaining stores were rebranded as Eckerd. Most Genovese stores that have remained open currently do business as Rite Aid, who bought Eckerd's eastern U.S. operations in 2007. Genovese Drug Stores had no connection to the Genovese crime family, one of the "Five Familie ...
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Pharmacy
Pharmacy is the science and practice of discovering, producing, preparing, dispensing, reviewing and monitoring medications, aiming to ensure the safe, effective, and affordable use of medicines. It is a miscellaneous science as it links health sciences with pharmaceutical sciences and natural sciences. The professional practice is becoming more clinically oriented as most of the drugs are now manufactured by pharmaceutical industries. Based on the setting, pharmacy practice is either classified as community or institutional pharmacy. Providing direct patient care in the community of institutional pharmacies is considered clinical pharmacy. The scope of pharmacy practice includes more traditional roles such as compounding and dispensing of medications. It also includes more modern services related to health care including clinical services, reviewing medications for safety and efficacy, and providing drug information. Pharmacists, therefore, are experts on drug therapy and a ...
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Astoria, Queens
Astoria is a neighborhood in the western portion of the New York City borough of Queens. Astoria is bounded by the East River and is adjacent to three other Queens neighborhoods: Long Island City to the southwest, Sunnyside to the southeast, and Woodside to the east. , Astoria has an estimated population of 95,446. The area was originally called Hallet's (or Hallett's) Cove after its first landowner William Hallet, who settled there in 1652 with his wife, Elizabeth Fones. Hallet's Cove was incorporated on April 12, 1839, and was later renamed for John Jacob Astor, then the wealthiest man in the United States, in order to persuade him to invest in the area. During the second half of the 19th century, economic and commercial growth brought increased immigration. Astoria and several other surrounding villages were incorporated into Long Island City in 1870, which in turn was incorporated into the City of Greater New York in 1898. Commercial activity continued through the 20 ...
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American Mafia
The American Mafia, commonly referred to in North America as the Italian American Mafia, the Mafia, or the Mob, is a highly organized Italian American criminal society and organized crime group. The organization is often referred to by its members as Cosa Nostra (, "our thing" or "this thing of ours") and by the American government as La Cosa Nostra (LCN). The organization's name is derived from the original ''Mafia'' or ''Cosa nostra'', the Sicilian Mafia, with "American Mafia" originally referring simply to Mafia (or ''Cosa nostra'') groups from Sicily operating in the United States, as the organization initially emerged as an offshoot of the Sicilian Mafia (known also as ''Cosa nostra'' by its members) formed by Italian immigrants in the United States. However, the organization gradually evolved into a separate entity partially independent of the original Mafia in Sicily, and it eventually encompassed or absorbed other Italian immigrant and Italian-American gangsters and Italia ...
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Five Families
The Five Families refers to five major New York City organized crime families of the Italian American Mafia formed in 1931 by Salvatore Maranzano following his victory in the Castellammarese War. Maranzano reorganized the Italian American gangs in New York City into the Maranzano, Profaci, Mangano, Luciano, and Gagliano families, which are now known as the Bonanno, Colombo, Gambino, Genovese, and Lucchese families. Each family had a demarcated territory and an organizationally structured hierarchy and reported up to the same overarching governing entity. Initially, Maranzano intended each family's boss to report to him as the '' capo di tutti i capi'' ("boss of all the bosses"). However, this led to his assassination that September, and that role was abolished for The Commission, a ruling committee established by Lucky Luciano to oversee all Mafia activities in the United States and to mediate conflicts between families. It consisted of the bosses of the Five Families as well ...
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Genovese Crime Family
The Genovese crime family, () also sometimes referred to as the Westside, is an Italian-American Mafia crime family and one of the "Five Families" that dominate organized crime activities in New York City and New Jersey as part of the American Mafia. They have generally maintained a varying degree of influence over many of the smaller mob families outside New York, including ties with the Philadelphia, Patriarca, and Buffalo crime families. The current "family" was founded by Charles "Lucky" Luciano and was known as the Luciano crime family from 1931 to 1957, when it was renamed after boss Vito Genovese. Originally in control of the waterfront on the West Side of Manhattan as well as the docks and the Fulton Fish Market on the East River waterfront, the family was run for years by "The Oddfather", Vincent "The Chin" Gigante, who feigned insanity by shuffling unshaven through New York's Greenwich Village wearing a tattered bath robe and muttering to himself incoherently to avo ...
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Rite Aid
Rite Aid Corporation is an American drugstore chain based in Philadelphia, Pennsylvania. It was founded in 1962 in Scranton, Pennsylvania, by Alex Grass under the name Thrift D Discount Center. The company ranked No. 148 in the Fortune 500 list of the largest United States corporations by total revenue. Rite Aid began in 1962, opening its first store in Scranton, Pennsylvania; it was called Thrift D Discount Center. After several years of growth, Rite Aid adopted its current name and debuted as a public company in 1968. Rite Aid is publicly traded on the New York Stock Exchange under the symbol RAD. In late 2015, Walgreens announced that it would acquire Rite Aid for $17.2 billion pending approval. However, on June 29, 2017, over fear of antitrust regulations, Walgreens Boots Alliance announced it would buy roughly half of Rite Aid's stores for $5.18 billion. On September 19, 2017, the Federal Trade Commission (FTC) approved a fourth deal agreement for Walgreens to purchase 1, ...
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Newsday
''Newsday'' is an American daily newspaper that primarily serves Nassau and Suffolk counties on Long Island, although it is also sold throughout the New York metropolitan area. The slogan of the newspaper is "Newsday, Your Eye on LI", and formerly it was "Newsday, the Long Island Newspaper". The newspaper's headquarters is in Melville, New York, in Suffolk County. ''Newsday'' has won 19 Pulitzer Prizes and has been a finalist for 20 more. As of 2019, its weekday circulation of 250,000 was the 8th-highest in the United States, and the highest among suburban newspapers. By January 2014, ''Newsday''s total average circulation was 437,000 on weekdays, 434,000 on Saturdays and 495,000 on Sundays. As of June 2022, the paper had an average print circulation of 97,182. History Founded by Alicia Patterson and her husband, Harry Guggenheim, the publication was first produced on September 3, 1940 from Hempstead. For many years until a major redesign in the 1970s, ''Newsday'' copied ...
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Manhattan
Manhattan (), known regionally as the City, is the most densely populated and geographically smallest of the five boroughs of New York City. The borough is also coextensive with New York County, one of the original counties of the U.S. state of New York. Located near the southern tip of New York State, Manhattan is based in the Eastern Time Zone and constitutes both the geographical and demographic center of the Northeast megalopolis and the urban core of the New York metropolitan area, the largest metropolitan area in the world by urban landmass. Over 58 million people live within 250 miles of Manhattan, which serves as New York City’s economic and administrative center, cultural identifier, and the city’s historical birthplace. Manhattan has been described as the cultural, financial, media, and entertainment capital of the world, is considered a safe haven for global real estate investors, and hosts the United Nations headquarters. New York City is the headquarters of ...
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The New York Times
''The New York Times'' (''the Times'', ''NYT'', or the Gray Lady) is a daily newspaper based in New York City with a worldwide readership reported in 2020 to comprise a declining 840,000 paid print subscribers, and a growing 6 million paid digital subscribers. It also is a producer of popular podcasts such as '' The Daily''. Founded in 1851 by Henry Jarvis Raymond and George Jones, it was initially published by Raymond, Jones & Company. The ''Times'' has won 132 Pulitzer Prizes, the most of any newspaper, and has long been regarded as a national " newspaper of record". For print it is ranked 18th in the world by circulation and 3rd in the U.S. The paper is owned by the New York Times Company, which is publicly traded. It has been governed by the Sulzberger family since 1896, through a dual-class share structure after its shares became publicly traded. A. G. Sulzberger, the paper's publisher and the company's chairman, is the fifth generation of the family to head the pa ...
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JCPenney
Penney OpCo LLC, doing business as JCPenney and often abbreviated JCP, is a midscale American department store chain operating 667 stores across 49 U.S. states and Puerto Rico. Departments inside JCPenney stores include Mens, Womens, Boys, Girls, Baby, Bedding, Home, Fine Jewelry, Shoes, Lingerie, ''The Salon by InStyle'', ''Sephora inside JCPenney'', as well as leased departments such as Seattle's Best Coffee, US Vision optical centers, and Lifetouch portrait studios. Most JCPenney stores were initially located in downtown areas, but, as shopping malls grew in popularity during the 1960s, the chain began relocating and developing stores to anchor the malls. In recent years, JCP has opened stores in power centers, as well as stand-alone stores, sometimes adjacent to competitors. The company has been an Internet retailer since 1998, and it has streamlined its catalog and distribution while undergoing renovation improvements at store level. In May 2020, JCPenney filed for Chap ...
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Mergers And Acquisitions
Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, other business organizations, or their operating units are transferred to or consolidated with another company or business organization. As an aspect of strategic management, M&A can allow enterprises to grow or downsize, and change the nature of their business or competitive position. Technically, a is a legal consolidation of two business entities into one, whereas an occurs when one entity takes ownership of another entity's share capital, equity interests or assets. A deal may be euphemistically called a ''merger of equals'' if both CEOs agree that joining together is in the best interest of both of their companies. From a legal and financial point of view, both mergers and acquisitions generally result in the consolidation of assets and liabilities under one entity, and the distinction between the two is not always clear. In most countries, mergers and acquisitions must co ...
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Fairfield County, Connecticut
Fairfield County is a County (United States), county in the southwestern corner of the U.S. state of Connecticut. It is the List of counties in Connecticut, most populous county in the state and was also its fastest-growing from 2010 to 2020. As of the 2020 United States census, 2020 census, the county's population was 957,419, representing 26.6% of Connecticut's overall population. The closest to the center of the New York metropolitan area, the county contains four of the state's top 7 largest cities—Bridgeport, Connecticut, Bridgeport (1st), Stamford, Connecticut, Stamford (2nd), Norwalk, Connecticut, Norwalk (6th), and Danbury, Connecticut, Danbury (7th)—whose combined population of 433,368 is nearly half the county's total population. The United States Office of Management and Budget has designated Fairfield County as the Greater Bridgeport, Bridgeport-Stamford-Norwalk-Danbury metropolitan statistical area. The United States Census Bureau ranked the metropolitan area a ...
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