<Tr> <Th> Website </Th> <Td> duanereade.com </Td> </Tr> <P> Duane Reade Inc. / ˈduːeɪn riːd / (stylized as duane reade), a subsidiary of Walgreens Boots Alliance, is a chain of pharmacy and convenience stores, primarily located in New York City, known for its high volume small store layouts in densely populated Manhattan locations . In 2012 the company headquarters was moved to 40 Wall Street in Lower Manhattan, the location of its newest flagship store . </P> <P> Founded in 1960, the chain was started with three stores by Abraham, Eli, and Jack Cohen, with a warehouse located between Duane and Reade streets on Broadway in Lower Manhattan . Duane Reade takes its name from the company's first successful full - service drugstore, which opened in 1960 on Broadway between Duane and Reade Streets in Manhattan . The streets themselves were named after early American politicians James Duane (1733 - 1797) and Joseph Reade (1694 - 1771). </P> <P> The Cohen family sold Duane Reade to Bain Capital in 1992 "for a reported $239 million". Bain Capital in 1997 then sold majority ownership of the chain to Donaldson, Lufkin & Jenrette . </P>

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