Beer giant Anheuser-Busch InBev has offered to buy fellow brewing behemoth SABMiller plc for $104 billion (U.S.) but saw its increased bid quickly rejected. AB InBev said Wednesday that it’s now offering £42.15 ($64.
John Foley, a former retail operations executive at Walgreens, is joining Fred’s Inc. as executive vice president of store operations.
Gains in the pharmacy offset slow front-end business to lift sales for Jean Coutu Group’s retail store network in the fiscal 2016 second quarter. Jean Coutu said Wednesday that for the second quarter ended Aug. 29., revenue for the franchised store network rose 2.6% to nearly $1.
Cardinal Health has completed its acquisition of Johnson & Johnson’s Cordis cardiology and endovascular device business for $1.944 billion. Cardinal said Sunday evening that the integration of Cordis off to a strong start, with management teams in place worldwide.
An executive with a pharmacy background has been named as the new president of Meijer Inc. The supercenter chain said Friday that Rick Keyes, executive vice president of supply chain and manufacturing, takes over from J.K.
Supervalu Inc. president and chief executive officer Sam Duncan plans to retire early next year. The food and drug retailer said late Thursday that Duncan, 63, is slated to step down on Feb. 29, 2016, upon the end of the company’s fiscal year. A search is under way for a new CEO, and
Drug stores will again be a staple destination for Halloween shoppers this fall. The International Council of Shopping Centers (ICSC) said Thursday that chain drug stores are among the most popular retail outlets for Halloween shoppers.
Same-store sales at Rite Aid Corp. edged up in September despite flat results in the front end. Rite Aid said Thursday that for the four weeks ended Sept. 26, comparable-store sales rose 1.5% year over year, about the same as the 1.6% comp-store gain in August. Front-end same-store sales dipped 0.1%
CVS Health is partnering with startup accelerator MassChallenge and digital health venture fund Rock Health to drive innovation in connected health solutions and and expand areas of focus.
Meijer Inc. president J.K. Symancyk is leaving the company to join Academy Sports + Outdoors, a sports, outdoor and lifestyle retailer, as president and chief executive officer. Academy Ltd. said Symancyk is slated to join the company on Nov. 2.
Pushing ahead with its expansion, Benzer Pharmacy has opened a pair of new locations and earned recognition in its home state for rapid growth. The Tampa-based retail pharmacy chain last week opened stores in Brandon and Jacksonville, Fla.
Federal Reserve policy makers have just two more chances to raise short-term interest rates this year after taking a pass earlier this month and holding rates at their historically low levels for at least a while longer.
Retail pharmacy industry veteran Michael Cantrell has joined the board of directors at Care Pharmacies Cooperative Inc. Care Pharmacies said Cantrell, vice president of pharmacy network development at Ateb Inc., will serve a three-year term. Cantrell has more than 30 years of industry experience.
The board of directors at AmerisourceBergen Corp. has authorized a special $2.4 billion share repurchase program.
McKesson Corp. plans to acquire the pharmaceutical distribution division of Dublin, Ireland-based UDG Healthcare plc for about $466 million.
Rite Aid Corp. saw revenue surge in its fiscal 2016 second quarter, its first including results for recently acquired pharmacy benefit manager EnvisionRx. Rite Aid said Thursday that sales for the second quarter ended Aug. 29 totaled $7.66 billion, up 17.5% from $6.52 billion a year earlier.
