Rite Aid Corp. stockholders have voted overwhelmingly to approve the company’s $17.2 billion deal to be acquired by Walgreens Boots Alliance Inc. Approximately 97% of the votes cast at a special meeting of stockholders on Thursday were in favor of the deal.
Lannett Co. has instituted a restructuring plan to streamline operations, sharpen efficiencies and trim costs. Announced this week, the plan is part of the generic drug maker’s efforts to integrate its recently completed acquisition of Kremers Urban Pharmaceuticals Inc.
Food and drug retailer and distributor Supervalu Inc. has hired Mark Gross as president and chief executive officer. Supervalu said Wednesday that Gross takes the CEO reins effective Feb. 5 and will succeed Sam Duncan, who is retiring at the end of this month.
The first CVS pharmacies have opened in six Target discount stores in North Carolina. Branded as CVS Pharmacy, the pharmacies are being operated as store-within-a-store departments and are located in Hickory, Monroe, Morrisville, Raleigh, Matthews and Wesley Chapel, N.C.
NBTY Inc. has agreed to sell its Vitamin World retail business to private investment firm Centre Lane Partners. The vitamins and dietary supplements maker said Tuesday that the deal, slated to close by mid-February, will enable Vitamin World to operate as a stand-alone retail business.
Publix Super Markets Inc. is expanding into Virginia, which will be the employee-owned food and drug chain’s seventh state. Publix said on Tuesday that it has signed two leases for stores in the greater Richmond area.
Rite Aid Corp. reported decreased same-store sales for January, due in part to declined front-end business and the deflationary impact of new generic drugs. The drug chain said Thursday that for the four weeks ended Jan. 23, comparable-store sales in its retail pharmacy segment fell 1.
Walgreens Boots Alliance’s deal to acquire Rite Aid and partnership with Valeant Pharmaceuticals will build on WBA’s strong start in its first full year as a unified company, executive vice chairman and CEO Stefano Pessina said here at the annual shareholders meeting.
Richard Kornhauser has stepped down as president and chief executive officer of CCA Industries Inc. CCA Industries said late Thursday that Kornhauser’s resignation was effective Jan. 15. He also has resigned from the board, where he was a director.
Rick Dreiling, chairman of Dollar General Corp., is stepping down from the board of directors. The dollar store chain said Thursday that Dreiling is resigning from the board effective Jan. 29. His resignation from the board coincides with his previously announced retirement as senior adviser.
getting the most out of its continued movement away from a dispensing foundation toward a
In shifting the management of its private-label offering, Chain Drug Consortium LLC (CDC) has changed its name to Pharmacy Value Alliance LLC. CDC said the Pharmacy Value Alliance banner better reflects the community pharmacy focus of its approximately one dozen regional drug chain members.
Walmart plans to close all of its Walmart Express small-format stores in the United States as part of a move to shut 269 stores worldwide. The retail giant said Friday that, after a review of the nearly 11,600 stores in its global portfolio, it aims to close 269 stores, including 154 U.S.
Hy-Vee Inc. has named Mike Agostino, president of Amber Pharmacy/Hy-Vee Pharmacy Solutions, as vice president of pharmacy innovation/business development at Hy-Vee. The food and drug retailer said late Thursday that Agostino will start in the newly created position in the coming weeks.
Publix Super Markets Inc. announced that chief executive officer Ed Crenshaw will retire and be succeeded by president Todd Jones.
Jean Coutu Group has started off the new year in a new home. The Quebec-based drug store operator has settled into its new headquarters and distribution center in Varennes, Quebec.
