Wednesday, June 4, 2014

Is an irreplaceable symbol of Chicago’s heritage at risk?

Walgreens, based in Illinois, owns 45% of Boots, the UK pharmacy.  It is considering exercising its option to acquire the balance.  That would allow it to move its official headquarters to the UK, where it would benefit from lower worldwide taxes.  Walgreens grew to a national chain during Prohibition, with sales driven by the high-quality "medicinal" whiskey it stocked under-the-counter to supply "alcoholics" holding prescriptions, which were as freely-available then as prescriptions for “medicinal” marijuana are in Massachusetts today.  Can there be a prouder symbol of Chicago’s past?

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