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Dr. Scholl's

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Dr. Scholl's
Product typeFoot Care Products
OwnerScholl’s Wellness Company LLC
CountryChicago, United States
Introduced1906; 118 years ago (1906)
MarketsUnited States and Canada
Previous ownersBayer
Schering-Plough
SSL International (Merck) (Reckitt Benckiser)
Websitewww.drscholls.com

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.

History

1923 newspaper ad for Dr Scholl's Zino-pads for corns.

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.[citation needed] 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

  1. ^ 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.
  2. ^ 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.
  3. ^ 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.
  4. ^ 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. {{cite news}}: |last= has generic name (help)
  5. ^ Chaudhuri, Saabira (2018-04-20). "Failed Foot-Care Gadget Trips Up Reckitt". The Wall Street Journal. Retrieved 2019-08-28.
  6. ^ 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.
  7. ^ "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.
  8. ^ 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.
  9. ^ a b Rizvic, Veneta (23 July 2019). "Bayer agrees to sells its Dr. Scholl's Business". www.bizjournals.com. Retrieved 2019-08-28.
  10. ^ "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.
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