July 23, 2014
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.
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.
Loblaw Cos. said Galen Weston, scion of the Weston family that controls the company, has assumed another management position at the retailer.
CVS Caremark Corp. plans to buy Navarro Discount Pharmacy, the nation's largest Hispanic-owned drug chain.
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.
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.
Walgreen Co. and Rite Aid Corp. each recorded sales increases in June.
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.
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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 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 Inc. has revamped its organization to create a more integrated, consumer-focused business model.
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 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 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 Holdings Inc. plans to turn its Household Products and Personal Care divisions into two independent, publicly traded companies.
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