Unilever to acquire Dollar Shave Club
Unilever plans to buy Dollar Shave Club, the U.S.-based razor blade subscription service that has jolted the men’s shaving category. Financial terms of the agreement weren’t disclosed.
Business
Hi-School Pharmacy COO Crawford to retire
Hi-School Pharmacy chief operating officer John Crawford plans to retire at the end of this month. The Pacific Northwest drug chain said Tuesday that Crawford, who has been with Hi-School for 43 years, is slated to step down as COO on July 31. At that time, he will be succeeded by Rick
WBA to open Boots stores in South Korea
Walgreens Boots Alliance (WBA) plans to form franchise partnership with Emart Co. Ltd., a leading hypermarket retailer in South Korea. WBA said the first Boots stores are slated to open before the end of the first half of next year.
Prestige Brands CFO to join ConAgra Foods
Next month, Prestige Brands Holdings Inc. chief financial officer David Marberger is slated to leave the company to join ConAgra Foods Inc. as executive vice president and CFO. Plans call for Marberger to take over the CFO post on Aug. 29, ConAgra said Thursday.
Delhaize, Ahold to divest 86 U.S. stores
The U.S. subsidiaries of Delhaize Group and Ahold NV have reached agreements with buyers to divest 86 stores in connection with the companies’ pending merger. Delhaize and Ahold said Thursday that all of the store divestitures — which includes locations from both companies’ U.S.
Former WBA exec takes reins as Bliss CEO
Beauty care veteran Meri Baregamian, a former executive at Walgreens Boots Alliance, has joined spa and beauty products company Bliss as chief executive officer. Bliss said Baregamian took the reins as CEO effective July 7.
Ahold, Delhaize: Merger may close this month
Delhaize Group and Ahold expect to complete their merger by the end of this month. The companies said Tuesday that the closure of the $29 billion merger deal, announced in June 2015, still awaits final approval by the Federal Trade Commission.
Chief executive of Sobeys steps down
Marc Poulin has left his posts as president and chief executive officer of Sobeys Inc. and the Canadian food and drug retailer’s parent company, Empire Co. His sudden departure, announced by Empire’s board on Friday, comes just over a week after Empire reported a $2.13 billion net loss for its 2016
Walgreens Boots Alliance posts 3Q gains
Walgreens Boots Alliance (WBA) saw sales and adjusted net earnings rise in its fiscal 2016 third quarter, with adjusted earnings per share exceeding Wall Street’s consensus forecast. WBA said Wednesday that its pending acquisition of Rite Aid Corp.
New Jean Coutu directors include Google Canada exec
Stockholders of the Jean Coutu Group elected two new directors to the company’s board at its annual shareholders meeting. The Canadian pharmacy operator said late Tuesday that Marie-Josée Lamothe and Michael Hanley have joined the board.
Jean Coutu store network sees 1Q sales uptick
Sales gains in the front end helped lift revenue for the Jean Coutu Group retail store network in the company’s fiscal 2017 first quarter. Jean Coutu said Tuesday that for the first quarter ended May 28, sales for its franchise store network edged up 1.5% to nearly $1.
ECRM sold to investment firm Snow Phipps
ECRM has been sold by BV Investment Partners to private equity firm Snow Phipps Group. Financial terms of the agreement, announced Thursday, weren’t disclosed. BV Investment Partners had acquired ECRM in July 2013, at which time Greg Farrar joined ECRM as chief executive officer.
Perrigo to sell VMS business to IVC
Perrigo Co. plc plans to sell its U.S. vitamins, minerals and supplements (VMS) business to International Vitamin Corp. (IVC). Financial terms of the deal weren’t disclosed.
Vitamin Shoppe hires Family Dollar’s Reiser as COO
Family Dollar chief merchant Jason Reiser is joining Vitamin Shoppe Inc as chief operating officer. Vitamin Shoppe said late Thursday that Reiser, executive vice president and chief merchandising officer for Dollar Tree Inc.’s Family Dollar business, will take the reins as COO on July 11.
Revlon to acquire Elizabeth Arden
Revlon Inc. is acquiring Elizabeth Arden Inc. in a deal valued at approximately $870 million.
Rite Aid turns in net loss for first quarter
Rite Aid Corp. cited pressure in pharmacy reimbursement as it reported a net loss and fell short of Wall Street’s earnings forecast for its fiscal 2017 first quarter.