Jean Coutu Group divests remaining Rite Aid shares
Alaric DeArmentIn a filing with the Securities and Exchange Commission Wednesday, the Quebec-based pharmacy retailer announced that it would sell 65.4 million shares in Rite Aid at a price of $183.1...
View ArticleSupervalu fills final two seats on board
Michael JohnsenSupervalu announced the election of the final two members to its reconstituted board: Eric Johnson, president and CEO of Baldwin Richardson Foods Co., and Sam Duncan, Supervalu president...
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Consumers plan to do most BTS shopping at discount stores
Alaric DeArmentMore than one-third of U.S. consumers say they're likely to spend more during the back-to-school season this year, according to a study.read more
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Update: Shoppers Drug Mart execs express optimism, but few details on Loblaw...
Antoinette AlexanderCanada’s Shoppers Drug Mart, which recently announced plans to be acquired by Loblaw, saw a boost in second-quarter sales and earnings and, according to president and CEO Domenic...
View ArticleCaress teams up with La La Anthony to celebrate launch of new body wash
Antoinette AlexanderUnilever’s Caress is celebrating the launch of its new Caress Tempting Whisper Fine Fragrance Elixir body wash by teaming up with La La Anthony, the star of “La La’s Full Court...
View ArticleSupervalu stock rises on better-than-expected results
Michael JohnsenSupervalu on Thursday reported first quarter fiscal 2014 net sales of $5.2 billion, down 1.5%, and net earnings of $85 million, or $0.34 per diluted share.read more
View ArticleTaro appoints new chairman, CEO
Alaric DeArmentTaro Pharmaceutical Industries has appointed Dilip Shanghvi as chairman, the Israeli generic drug maker said Thursday.read more
View ArticleL'Oréal USA honors women in digital at 'NEXT' Generation awards ceremony in NYC
Antoinette AlexanderBeauty brand L’Oréal USA honored on Wednesday in New York City three women who are leading groundbreaking technology companies that are transforming the beauty industry during the...
View ArticleCVS Caremark's Vero Beach, Fla., distribution center leads way in hiring...
Antoinette AlexanderCVS Caremark’s distribution center in Vero Beach, Fla., is leading the company’s effort to hire veterans and military spouses at its CVS/pharmacy stores, distribution centers and...
View ArticleIn wake of Sobeys' deal, Safeway reports 1.2% quarterly increase in...
Michael JohnsenIncoming president and CEO Robert Edwards had a busy first-quarter at Safeway — the company last month agreed to sell its Canadian operations to Sobeys and Safeway initiated an IPO for...
View ArticleFDA approves generic version of Trilipix
Alaric DeArmentThe Food and Drug Administration has approved a cholesterol drug made by Par Pharmaceutical Cos., the drug maker said Thursday.
View ArticleHyland's names new EVP
Michael JohnsenHyland’s on Thursday promoted Les Hamilton to EVP Hyland’s and VP sales of Standard Homeopathic Co., Hyland’s parent company.read more
View ArticleStudy finds significant increase in drug approvals for neglected diseases
Alaric DeArmentAlmost twice as many drugs for neglected diseases have received regulatory approval around the world over the past few years compared with the beginning of the last decade, according to...
View ArticleMartin's Food Markets appoints veteran nutritionist at Md. store
Alaric DeArmentA Maryland Martin's Food Markets store has hired a professional nutritionist to assist customers with questions on healthy eating, provide consultations and teach classes.read more
View ArticleNASP, PAN Foundation sponsor charity golf outing
Alaric DeArmentThe two groups announced that the outing would take place at the Strategic Business Exchange, set to take place Oct. 14 to 16 in San Antonio. The PAN Foundation offers funding to...
View ArticleGMDC names new member services manager and communications specialist
Michael JohnsenGMDC added two staff members to enhance their services to its membership, the association announced. read more
View ArticlePeapod sells organic farm boxes to Chicago-area customers
Alaric DeArmentFor the second year in a row, online grocer Peapod is working with a Wisconsin farm to deliver organic and heirloom vegetables to customers in the Chicago area.read more
View ArticleFDA director of Division of Dietary Supplement Programs to provide a keynote...
Michael JohnsenThe Council for Responsible Nutrition announced that Daniel Fabricant, director of the Division of Dietary Supplement Programs at the Food and Drug Administration, will be a keynote...
View ArticleOcean Spray serves up new citrus blends
Jason OwenOcean Spray announced three new blends of fruit juice made with citrus: citrus tangerine orange, citrus mango pineapple and sparkling citrus tangerine.read more
View ArticlePerrigo wins tentative FDA approval for generic Prandin
Alaric DeArmentPerrigo announced the tentative approval for repaglinide tablets, a generic version of Novo Nordisk's Prandin, used to treat Type 2 diabetes.read more
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