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The Walgreen Company (Walgreens) is the largest drug retailing chain in the United States. As of May 31, 2014, the company operated 8,217 stores in all 50 states, the District of Columbia, Puerto Rico and the U.S. Virgin Islands. It was founded in Chicago, Illinois, in 1901. The Walgreens headquarters office is in the Chicago suburb of Deerfield, Illinois. In 2014, the company agreed to purchase the remaining 55% of Switzerland-based Alliance Boots that it did not already own to form a global business.
In 1901, when Blood retired, Walgreen bought the store from him. He opened a second store in 1909, and by 1916 owned nine drug stores, which he incorporated as Walgreen Co. Walgreens was one of the first chains to carry non-pharmaceuticals as a mainstay of the store's retail selection. Walgreens offered low-priced lunch counters, built its own ice cream factory, and introduced the malted milk shake in 1922. By 1927, Walgreen had established 110 stores.