drugstore
A pharmacy (also called "drugstore" in American English or "community pharmacy" or "chemist" in Commonwealth English, or rarely, apothecary) is a retail shop which provides pharmaceutical drugs, among other products. At the pharmacy, a pharmacis ...
s based in
New Jersey
New Jersey is a state in the Mid-Atlantic and Northeastern regions of the United States. It is bordered on the north and east by the state of New York; on the east, southeast, and south by the Atlantic Ocean; on the west by the Delaware ...
.
History
The company kept its headquarters in
Somerset, New Jersey
Somerset is an unincorporated community and census-designated place (CDP) located within Franklin Township, in Somerset County, New Jersey, United States. In addition to its drugstore chain Drug Fair also owned and operated Cost Cutters, a discount drug and general merchandise chain. In the 2000s, Drug Fair introduced a discount card called "We Care," which was the company's slogan. The card was good at any Drug Fair or Cost Cutters store as both store's logos were printed on the cards.
In 2005, Drug Fair was acquired by
Sun Capital Partners
Sun Capital Partners, Inc., is an American private equity firm specializing in leveraged buyouts. Sun Capital was founded in 1995 by Marc J. Leder and Rodger Krouse, former classmates at the Wharton School of the University of Pennsylvania and ...
, a private equity firm.
By mid-2008 Drug Fair operated 50 locations and Cost Cutters, had another eleven locations.
In March 2009, two Drug Fair locations in Raritan and Rockaway, New Jersey closed abruptly. Shortly after the two stores closed, Drug Fair announced it was filing for Chapter 11 bankruptcy protection. Just prior to the filing for bankruptcy, Drug Fair announced it was selling thirty-two drugstores to Walgreens, who also purchased prescription lists from several other Drug Fair locations. After the purchase, Drug Fair announced that their stores in Bridgewater, North Arlington, and East Rutherford, New Jersey would be quickly liquidated and closed along with one of their two locations in Clifton, New Jersey. Shortly thereafter, another ten Drug Fair locations and nine Cost Cutters stores were marked for closure. These stores began liquidating immediately afterward and were shuttered in May 2009; many of the stores' leases were purchased by
Dollar General
Dollar General Corporation is an American chain of variety stores headquartered in Goodlettsville, Tennessee. As of April 11, 2022, Dollar General operates 18,216 stores in the continental United States.
The company began in 1939 as a family-own ...
and reopened under that banner.
On May 16, 2009, the sale was finalized and the Drug Fair stores still in the chain became Walgreens.
Private investment company Oak Point Partners acquired the remnant assets, consisting of any known and unknown assets that weren't previously administered, from the Drug Fair Group, Inc., et al., Bankruptcy Estates on March 18, 2013.
Original Drug Fair locations
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Easton, Maryland
Easton is an incorporated town in and the county seat of Talbot County, Maryland, United States. The population was 15,945 at the 2010 census, with an estimated population in 2019 of 16,671. The primary ZIP Code is 21601, and the secondary ...
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Manassas Park, Virginia
Manassas Park is an independent city in the U.S. state of Virginia. As of the 2020 census, the population was 17,219. Manassas Park is bordered by the city of Manassas and Prince William County.
Manassas Park is a part of the Washington-Arling ...
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Plainfield, New Jersey
Plainfield is a city in Union County, in the U.S. state of New Jersey, known by its nickname as "The Queen City."
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Westfield, New Jersey
Westfield is a town in Union County, New Jersey, United States, located southwest of Manhattan. As of the 2010 United States census, the town's population was 30,316,Hillside, New Jersey
Hillside is a township in Union County, in the U.S. state of New Jersey. As of the 2010 United States census, the township's population was 21,404, reflecting a decline of 343 (−1.6%) from the 21,747 counted in the 2000 Census, which had in ...