One of the Baltimore City spokespersons publicly announced that CVS Health Corp (NYSE:CVS) will commence the rebuilding the health pharmacy shop which suffered a lot of destruction during civil protests and riots.
The riots that took place a week ago left the pharmacy store in ruins. The riots erupted after what had been a peaceful protest against the police over the inhumane and racist murder of Freddie Gray. The angry civilians were initially carrying out what seemed to be a well-coordinated and peaceful demonstration but the presence of the same police force they were against angered them even more. They then decided that peace was too little a statement against harsh treatment that the black society has been facing from the police force.
The pharmacy building became victim to the angry mob who then decided to loot the building and even took extreme measures by burning it. CVS Health Corp has plans to restore all of its five damaged buildings within the next two weeks. Additionally the City’s management announced that it will waive all the permits for all the affected businesses.
The city council has even set up a website that will focus on assisting the affected businesses in getting back into operational status. A CVS spokeswoman by the name Carolyn Castel reported that the company was planning on how to get around the situation through its service policy. Castle said that the company will incorporate the patient and customer service policy in the formulation of plans for rebuilding the damaged structures.
Reports indicate that most of the destruction which took place on April 28 and 29 occurred within the Northern section of Baltimore City. One of the managers of the destroyed CVS Health Corp (NYSE:CVS) store reported that the residents of the surrounding neighborhood were shocked and discouraged by the events. They depended on prescription medicine from the pharmacy and the senior citizen center that was positioned directly on the back side of the store.
The estimated losses from the looting and burning incidences amount to $175,000. The incident affected numerous businesses ranging from electronic shops to shoe stores.
