Walgreens was founded in 1901 by Chicagoan Charles R. Walgreen, Sr. By 1913, the business had grown to 4 Chicago locations. By 1919, there were 20 stores. The chain grew rapidly in the 1920s and there were 397 stores in 87 cities by 1930. This rapid growth has been, in part, attributed to Walgreens selling bootleg liquor during Prohibition. In 1939, Charles R. Walgreen, Sr. died and his son, Charles Jr. took over the company. Jr. retired in the early 1950s and his son, Cork, took over the company. In 1986, the company acquired MediMart. In recent years, the company has gone through CEOs in rapid succession with 4 different CEOs since 2006. The chain currently operates over 8300 locations in all 50 states and Puerto Rico. The Walgreens Corporate Office is located just outside Chicago in Deerfield, Illinois.
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