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July 22, 2014

TOP STORY

Philip Clarke to depart as Tesco’s CEO

Philip Clarke

Tesco PLC announced that Philip Clarke will be stepping down as chief executive officer after three years at the helm of the United Kingdom’s largest supermarket chain, following another profit warning.

Dave Lewis, head of Unilever’s personal care unit, will succeed Clarke as CEO on October 1, Tesco said on Monday. Clarke, 54, will remain as CEO until Lewis arrives and will stay in a supporting role until January.

 

RETAIL NEWS BREAKS

Loblaw to sell some stores to Coutu and Metro

In line with regulatory approval of its acquisition of Shoppers Drug Mart Corp., Loblaw Cos. plans to sell two Shoppers Drug Mart drug stores to Jean Coutu Group and two No Frills supermarkets to Metro Inc.

Weston succeeds Trius as Loblaw president

Loblaw Cos. said Galen Weston, scion of the Weston family that controls the company, has assumed another management position at the retailer.

CVS plans to buy Navarro Discount Pharmacy

CVS Caremark Corp. plans to buy Navarro Discount Pharmacy, the nation's largest Hispanic-owned drug chain.

Schnucks names Ogston head of human resources

Schnuck Markets Inc., the largest supermarket chain in the St. Louis area, has named Debra Ogston to head its human resources operations upon the retirement next year of Rick Frede.

Walmart holds ‘Made in USA’ open call

Hundreds of prospective suppliers are descending upon Walmart’s headquarters Tuesday to pitch their U.S.-made products to some of the company’s top executives.

Walgreens, Rite Aid record sales increases in June

Walgreen Co. and Rite Aid Corp. each recorded sales increases in June.

Kroger builds online capacity through acquisition

Kroger Co. is bolstering its online retailing presence with an agreement to buy Vitacost.com Inc., an online seller of vitamins, natural food, and health and beauty aids.

More Retail News Breaks >>

SUPPLIER NEWS BREAKS

Crossmark facility links Walmart and suppliers

More than 150 Walmart officials mingled with representatives from key suppliers at the July 10 grand opening of a state-of-the-art facility hailed as "a place where Walmart and suppliers can plan the future."

Unilever to sell Slim-Fast brand

Unilever is selling its Slim-Fast brand to Kainos Capital LLC, a Dallas-based private equity firm focused on acquiring and managing food and consumer brands.

Coty announces new organizational structure

Coty Inc. has revamped its organization to create a more integrated, consumer-focused business model.

GMDC honors Energizer's Martire

The Global Market Development Center presented the GMDC Lifetime Achievement Award this weekend to Lou Martire, vice president of trade development at Energizer Household Products, for his contributions to the industry.

Bayer to purchase Merck's consumer health business

Bayer AG is buying Merck & Co.’s consumer care for $14.2 billion. Under the agreement, Bayer will acquire Merck’s existing over-the-counter medications business, including the global trademark and prescription rights for Claritin and Afrin.

Mars invests in sustainable energy

Mars Inc. is partnering with Sumitomo Corp. of America to build a massive wind farm that will generate enough renewable energy credits to offset the energy use of Mars' entire U.S. operations, which involves 70 sites, including 37 factories.

Energizer plans to split into two companies

Energizer Holdings Inc. plans to turn its Household Products and Personal Care divisions into two independent, publicly traded companies.

More Supplier News Breaks >>
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