After 35 years in business, in February of 1998, Arbor Drugs was acquired by national retail chain, CVS. The acquisition catapulted CVS into becoming the nation’s leading drug retailer based on store count (4,100 stores) and prescriptions dispensed (12% of all retail prescriptions). Superior Reputation Prior to the acquisition, Arbor was known industry-wide as a […]
Going Public In April of 1986, Arbor Drugs went public, and the growth did not stop there. Eugene expanded his territory, acquiring Sentry Drug Stores and continued to build his business on the solid foundation he had laid. “Not only did Gene go out and hand select every store that we opened, he also had […]
The Guiding Example Eugene Applebaum married his wife Marcia in 1961. They had two daughters, Lisa and Pamela, and four grandchildren. They both believed it was critical to impart the lessons and values that have guided them to their children and grandchildren. “He was a phenomenal role model,” Gene’s daughter Pamela said. “He always felt […]
