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*william mathias scholl* –>
(1882 – 1968)
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*”Dr. Scholl’s” is a [(‘footwear’ / ‘ortho-pedic foot care’) brand] originating in the ‘united states’, marketed in some countries as simply ‘scholl’
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Since 2021, global rights to the brand have been owned by investment firm Yellow Wood Partners through subsidiary Scholl’s Wellness Company, having purchased the North American rights from Bayer in North America in 2019, and the international rights from Reckitt in 2021
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History
Podiatrist ‘William Mathias Scholl’ started the brand in 1906
He is credited with designing over 1,000 foot care products
Scholl’s company was named to the Fortune 500 in 1971, the same year it went public
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Dr. Scholl’s brand
Schering-Plough bought the Dr. Scholl’s brand in 1979
In 2009, Merck & Co. purchased the Dr. Scholl’s brand as part of its acquisition of Schering-Plough.[4] Under Merck & Co., Schering-Plough imported the product line from China[5] and had a North American distribution agreement for footwear with the Brown Shoe Company (now Caleres). Bayer bought Dr. Scholl’s in 2014 as part of its acquisition of Merck & Co’s consumer health unit.[6][7] This acquisition gave them the rights to the business in North and South America.[8]
In July 2019, Bayer sold Dr. Scholl’s to Yellow Wood Partners for $585 million. Yellow Wood established a new company, Scholl’s Wellness Company to run the brand.[6]
Scholl brand[edit]
In 1984, Schering-Plough sold the global brand and non-North American operations to European Home Products (later SSL International), who manufactured and distributed footwear and foot care products under the Scholl brand.[9]
In 2010, Reckitt Benckiser Group purchased the Scholl brand from SSL International.[10] In 2014, Aurelius, a German private equity firm, purchased the international rights to Scholl Footwear from Reckitt Benckiser, excluding the Americas.[8][11]
In June 2021, Reckitt sold Scholl to Yellow Wood Partners, bringing both the Scholl and Dr. Scholl’s businesses together for the first time in over 40 years.[12]
References[edit]
^ Newman, Andrew Adam (2010-03-31). “Dr. Scholl’s Expands Its Insole Campaign”. The New York Times. ISSN 0362-4331. Archived from the original on 2010-04-01. Retrieved 2019-08-28.
^ Jump up to: a b Potempa, Philip. “Dr. Scholl’s has left a footprint in Northwest Indiana”. chicagotribune.com. Archived from the original on 2019-10-18. Retrieved 2019-10-18.
^ Jump up to: a b Honan, William H. (2002-03-23). “William Scholl, 81, Designer Of a Sandal That Set a Trend”. The New York Times. ISSN 0362-4331. Archived from the original on 2015-05-27. Retrieved 2019-08-28.
^ Singer, Natasha (2009-03-09). “Merck to Buy Schering-Plough for $41 Billion”. The New York Times. ISSN 0362-4331. Archived from the original on 2013-01-17. Retrieved 2019-08-28.
^ Gardiner Harris. “As Blockbuster Claritin Goes Generic, Schering-Plough Pushes a Close Sibling”. Retrieved 22 March 2002.
^ Jump up to: a b Rizvic, Veneta (23 July 2019). “Bayer agrees to sells its Dr. Scholl’s Business”. www.bizjournals.com. Archived from the original on 2021-04-21. Retrieved 2019-08-28.
^ “Bayer closes acquisition of consumer care business of Merck & Co., Inc., United States, for USD 14.2 billion” (press release). Leverkusen: Bayer. 2014-10-01. Archived from the original on 2014-10-08.
^ Jump up to: a b “Aurelius buys Scholl shoe business from Reckitt Benckiser”. Reuters. 2014-07-21. Archived from the original on 2016-03-05. Retrieved 2019-08-28.
^ Reuters (1987-06-27). “COMPANY NEWS; Schering to Sell Foreign Assets”. The New York Times. ISSN 0362-4331. Archived from the original on 2015-05-24. Retrieved 2019-08-28.
^ Chaudhuri, Saabira (2018-04-20). “Failed Foot-Care Gadget Trips Up Reckitt”. The Wall Street Journal. Archived from the original on 2019-08-28. Retrieved 2019-08-28.
^ “AURELIUS Group to acquire Scholl’s footwear division from Reckitt Benckiser Group plc” (press release). Aurelius AG. 2014-07-21. Archived from the original on 2014-09-08.
^ “Reckitt announces closing of sale of Scholl | reckitt.com”. www.reckitt.com. Retrieved 2022-03-01.
External links[edit]
Official website
- en.wikipedia.org /wiki/Dr._Scholl%27s
- Dr. Scholl’s
- Contributors to Wikimedia projects5-6 minutes 7/25/2010
- Dr. Scholl’s
- Dr. Scholls Logo.png
- Product type Foot Care Products
- Owner Scholl’s Wellness Company LLC
- Country Chicago, United States
- Introduced 1906; 116 years ago
- Markets United States and Canada
- Previous owners Bayer
- Schering-Plough (Merck)
- SSL International (Reckitt)
- Website www.drscholls.com
1923 newspaper ad for Dr Scholl’s Zino-pads for corns.
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