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Nestle creates unit to link ‘food and pharma’

Nestle is forming a new food unit focused on health and wellness that the company said will enable it develop personalized nutrition products that can help manage chronic conditions. The world’s biggest food group announced Monday the creation of Nestle Health Science S.A.

Rite Aid to sell TheraMax homeopathic nasal spray

This month Rite Aid is slated to begin carrying TheraMax homeopathic nasal sprays from TheraBiogen Inc. TheraBiogen said its TheraMax Cold & Flu and TheraMax Allergy Relief nasal spray products are already on or will be on the shelves at all Rite Aid locations in September.

Gen. Stanley McChrystal to keynote NACDS Foundation dinner

Gen. Stanley McChrystal, the former commander of U.S. and international forces in Afghanistan, will be the keynote speaker for the National Association of Chain Drug Stores Annual Foundation Dinner. The 12th annual NACDS Foundation dinner will be held Nov. 30 in New York.

Unilever to acquire Alberto Culver

United Kingdom-based consumer products giant Unilever plans to buy hair care and skin care manufacturer Alberto Culver Co. for $3.7 billion in cash. Unilever and Melrose Park, Ill.-based Alberto Culver announced the deal early Monday.

Walgreens realigns top executives

Walgreen Co. has promoted two key executives and changed the reporting structure within its top management team. The moves are meant to streamline decision making, letting the company move more quickly while improving execution throughout the drug chain.

Walmart fills key merchandising post

Walmart has promoted Duncan Mac Naughton to executive vice president of consumables, health and wellness, and Walmart.com, putting him in charge of one of four newly created core merchandising areas.