Fred’s Inc. president and chief operating officer Michael Bloom has been named as chief executive officer, succeeding Jerry Shore, who is retiring. Bloom takes the CEO reins effective immediately, and plans call for Shore to retire from the company in February, Fred’s said Tuesday.
Mondelez International Inc. said it has ended talks with The Hershey Co. regarding a possible combination of the two companies.
Paul Herendeen has left Zoetis Inc. to become executive vice president of finance and chief financial officer at Valeant Pharmaceuticals International Inc.
Boosting its oncology portfolio, Pfizer Inc. plans to acquire biopharmaceutical company Medivation for $14 billion in cash. Under the deal announced Monday, Pfizer is paying $81.
Retail and pharmacy industry veteran Andre Persaud has left Shopko Stores Operating Co. to pursue new opportunities.
Walmart earned $1.07 per share in the fiscal second quarter, slightly lower than its $1.08-per-share profit a year ago but above Wall Street’s consensus forecast of $1.02. The retail giant said Thursday that revenue grew 0.5% to $120.
Perrigo Co. plc plans to acquire Geiss, Destin & Dunn Inc., a U.S. distributor of over-the-counter health care, personal care and consumer products. Financial terms of the deal weren’t disclosed.
Target Corp. posted a 7.2% decrease in revenue and a 9.7% decline in net earnings for the second quarter. Target said Wednesday that adjusted earnings per share were $1.23 for the second quarter ended July 30, well above analysts’ projections of $1.13, on revenue of nearly $16.
Bryan Pugh has resigned as chief merchant at Fred’s Inc. and has been replaced by Mary Lou Gardner. Fred’s said late Tuesday that Gardner takes over Pugh’s role as executive vice president and chief merchandising and marketing officer effective immediately.
With some go-to-market guidance from Hamacher Resource Group, NovaGenesis LLC is set to launch its Recovery Skin Relief therapeutic skin care line at retail pharmacies next month.
McKesson Canada president Alain Champagne is leaving the company to join sales training and development firm Optimé International as a partner and chief executive officer. Plans call for Champagne to take over as Optimé CEO effective Sept. 1.
Perrigo Co. plc has wrapped up the sale of its U.S. vitamins, minerals and supplements (VMS) business to International Vitamin Corp. (IVC). The cash deal, terms of which weren’t disclosed, was announced in late June.
Following recent reports that a deal was in the works, Walmart announced that it’s buying online retailer Jet.com Inc. in a transaction valued at $3.3 billion. Walmart said Wednesday that under the agreement, it will buy Jet for about $3 billion in cash and $300 million in Walmart shares.
Mylan N.V. has completed its $9.9 billion deal to acquire Sweden-based Meda AB. Mylan had received Federal Trade Commission clearance for the transaction in late July. The deal was announced in February.
Pharmacy is a pillar of the action plan at Fred’s Inc. in the wake of sales declines in July and the fiscal 2016 second quarter. Fred’s said July sales fell 7% to $154 million from $165.6 million a year earlier. Same-store sales for the month were down 4.6% versus a 0.7% uptick
Jeff Fields has joined Rite Aid Corp. subsidiaries Health Dialog and RediClinic as chief financial officer.
