Dr. Scholl's
Dr. Scholl's is an American footwear and orthopedic foot care brand owned by Scholl's Wellness Company in the North and Latin American markets, and by Reckitt Benckiser in its remaining markets worldwide.
Product type | Foot Care Products |
---|---|
Owner | Scholl’s Wellness Company LLC |
Country | Chicago, United States |
Introduced | 1906 |
Markets | United States and Canada |
Previous owners | Bayer Schering-Plough SSL International (Merck) (Reckitt Benckiser) |
Website | www |
History
Podiatrist William Mathias Scholl started the brand in 1906.[1] He is credited with designing over 1,000 foot care products and became a member of the Fortune 500 in 1971.[2] That same year, the company went public.[3]
In 1979, Schering-Plough bought the Dr. Scholl's brand.[3] In 1984, Schering-Plough sold the global brand and non-North American operations to European Home Products, who manufacture and distribute footwear and foot care products under the Scholl brand.[4]
Scholl Brand
In 2010, Reckitt Benckiser Group purchased the Scholl brand from SSL International.[5] In 2014, Aurelius, a German private equity firm, purchased the international rights to Scholl Footwear from Reckitt Benckiser, excluding the Americas.[6][7]
Dr. Scholl's Brand
In 2009, Merck & Co purchased the Dr. Scholl's brand as part of its acquisition of Schering-Plough.[8] Under parent Merck & Co., Schering-Plough imports the product line from China and has a North American distribution agreement with the Brown Shoe Company. Bayer bought Dr. Scholl's in 2014 as part of its acquisition of Merck & Co's consumer health unit.[9][10] This acquisition gave them the rights to the business in North and South America.[6] 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.[9]
References
- 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.
- 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.
- 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.
- 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. Retrieved 2019-08-28.
- "Aurelius buys Scholl shoe business from Reckitt Benckiser". Reuters. 2014-07-21. Archived from the original on 2016-03-05. 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.
- 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.
- Rizvic, Veneta (23 July 2019). "Bayer agrees to sells its Dr. Scholl's Business". www.bizjournals.com. 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.