Market regulation · 16/12/1996

J.C. Penney Company, Inc. to Divest 161 Drug Stores in North and South Carolina

J.C. Penney Company, Inc., the parent company of Thrift Drug, Inc., has agreed to settle allegations of unfair business practices by divesting 161 drug stores in North and South Carolina by March 1997, following the acquisition of Eckerd Corporation and 190 Rite Aid stores in these states.