Amneal Pharmaceuticals LLC and Impax Laboratories Inc. plan to merge in an all-stock transaction. An Amneal-Impax merger would create the fifth-largest generics supplier by gross revenue in the United States. To be named Amneal Pharmaceuticals Inc.
Food, drug and mass chains are a favored retail destination of shoppers who prefer an in-store versus an online experience, according to a consumer poll by Imprint Plus.
Tom Corley has joined Catalina as global chief retail officer and president of U.S. retail. The shopper intelligence and personalized digital media firm said Monday that, in the role, Corley will lead Catalina’s U.S.
The Emerson Group has named Ed Morgan as president. Prior to his promotion, Morgan was serving the company as vice president and partner. He joined Emerson in 2005 as business manager, a role that allowed him to contribute to the company’s Bentonville, Ark.
Retail and corporate sales climbed at Jean Coutu Group in the fiscal 2018 second quarter, the first reporting period since its $4.5 billion (Canadian) deal to be acquired by Metro Inc. Net profit per share in the quarter ended Sept.
Sears Holdings Corp. has announced another round of Sears and Kmart stores to be shut in the coming months. Employees have been notified that more than 30 Sears and Kmart locations will be closed in the early part of 2017. Florida, with seven Kmart stores slated for closing, and Kentucky, with
The new year will bring new leadership to chocolate, candy and snack giant The Hershey Co. Plans call for Michele Buck, executive vice president and chief operating officer, to take the reins as president chief executive officer on March 1, succeeding John Bilbrey.
Holiday sales at drug chains edged up slightly versus a year ago, as uncertainty over the economy left consumers wary of boosting their spending. Another crimp on sales growth was deep discounts.
McKesson Corp. has closed its $2.1 billion (U.S.) acquisition of Canadian drug chain Rexall Health and hired Domenic Pilla as chief executive officer of McKesson Canada. McKesson said late Wednesday that Pilla is slated to take the reins as McKesson Canada CEO on Jan. 3. In the role, he will
Fred’s Inc. has adopted a shareholder rights plan, also known as a “poison pill,” after a hedge fund recently became the company’s single largest shareholder.
Rite Aid Corp. said slim reimbursement rates, new generic drugs and the ongoing antitrust talks for the merger with Walgreens Boots Alliance (WBA) squeezed sales and earnings for its fiscal 2017 third quarter. Rite Aid said Thursday that for the third quarter ended Nov. 26, sales dipped 0.8% to $8.
H.D. Smith has rolled out VentureRx, a program to aid in the launch, sale or expansion of a pharmacy business.
CVS Health’s integrated pharmacy care model makes it a “partner of choice” in the health care arena, president and chief executive officer Larry Merlo said at the company’s annual Analyst Day event in Manhattan.
CVS Health plans to build a new distribution center in Kansas City, Mo., to serve CVS Pharmacy locations in the region.
McKesson Corp. has been given the green light from the Competition Bureau of Canada to finalize its $2.2 billion acquisition of drug chain Rexall Health.
NYX Cosmetics has opened its 20th store, a 2,000-square-foot flagship in Manhattan’s bustling Union Square area. Although the L’Oréal-owned brand has several sites in nearby New Jersey, this was its first in New York City. It is the largest to date, with more than 2,000 SKUs.
