Merck & Co. has agreed to acquire Avecia Biologics, a contract manufacturing organization specializing in microbial-derived biologics. Financial terms of the deal weren’t disclosed. Under the agreement, made with Avecia Investments Ltd.
Jean-Marc Huet, currently chief financial officer at Bristol-Myers Squibb Co., is joining Unilever as CFO. Unilever said Wednesday that the 40-year-old Huet will take over the company’s CFO post starting January 1.
Bristol-Myers Squibb Co. has appointed Charles Bancroft as acting chief financial officer, effective January 1. The pharmaceutical company said Monday that Jean-Marc Huet, executive vice president and CFO, will leave the firm at the end of this year.
Alberto Culver Co. plans to buy Simple Health & Beauty Ltd., a United Kingdom-based skin care supplier, from private equity fund Duke Street for 240 million pounds ($390 million). The deal is expected to close by the end of this year, Alberto Culver said Monday. The company noted that Simple is
Although many traditional retailers are expanding their offerings of organic food and beauty products, there has actually been no growth in the number of U.S. consumers that purchase these products, according to a study by market research firm TABS Group.
Procter & Gamble Co. has entered an agreement to acquire Sara Lee Corp.’s Ambi Pur air care business for 320 million euro ($470 million). P&G said Friday that, under the terms of the deal, it will purchase Ambi Pur, a leading global air care brand with presence in 80 countries, as well as several
The Coca-Cola Co. board of directors has elected Ceree Eberly and Chris Nolan as new officers. The beverage giant said Thursday that Eberly, promoted to chief people officer, succeeds Cynthia McCague, who is retiring after 28 years of service with the Coca-Cola system.
Nicorette, the smoking cessation gum brand of GlaxoSmithKline Consumer Healthcare, is launching a multimedia advertising campaign that it said is designed to speak to smokers in a "candid and honest way.
PepsiCo has inked a deal to manufacture and distribute certain Dr. Pepper Snapple Group Inc. products. Under the new agreement, announced Tuesday, PepsiCo will distribute Dr. Pepper, Crush and Schweppes brands in the United States; Dr.
Procter & Gamble Co. chief executive officer Robert McDonald has been elected chairman, succeeding A.G. Lafley, who plans to retire early next year. P&G said Tuesday that Lafley, 62, is slated to step down from the chairman’s role on January 1 and to retire from the company on February 25.
Nutrisystem Inc. has entered a new distribution alliance with Walgreen Co. to offer its weight-loss program cards in the drug chain’s stores nationwide. The weight management product and service provider said the cards will roll out in the diet section of Walgreens stores on December 25.
Duane Reade Inc. is rolling out Sarpes Beverages’ Dream Water, a beverage designed to help people relax and fall asleep. The drug store chain will carry Dream Water and the Dream Water shot at its locations throughout New York City’s five boroughs, according to Sarpes.
The Food and Drug Administration has approved Zegerid OTC as a nonprescription treatment for heartburn. The product will be marketed by Schering-Plough HealthCare Products Inc., the consumer health care division of Merck & Co.
Procter & Gamble Co.’s oral care division has introduced the Crest Pro-Health System, a simple product and care regimen to maintain oral hygiene.
American Greetings Corp. has teamed with Target Corp. to launch what it calls the first digital slideshow greeting card. The greeting card giant said Tuesday that the digital slideshow card, which retails for $19.
As it continues to expand distribution of its fragrance collection, Demeter Fragrance Library Inc. has put a high-profile display in the newest Duane Reade store here, offering shoppers 90 of the company’s 250 scents.
