Murray Bernard Koffler, the founder of Shoppers Drug Mart and a noted philanthropist, has died at 93. Koffler, born in 1924, took over his father’s two Toronto pharmacies when he was just 17 years old, following his father’s death. He developed the Shoppers Drug Mart concept in 1961, applying the principles of mass merchandising and self-service at his stores. “Murray Koffler was not only the author of one of Canada’s great business success stories, he was a well-respected standard bearer for the retail and pharmacy industries,” said Mike Motz, president of Shoppers Drug Mart. “Murray Koffler was one of the great leaders of his generation,” she said.

Source: thestar November 06, 2017 18:41 UTC