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Loblaw reports solid results for first quarter

Loblaw reports solid results for first quarter

BRAMPTON, Ontario — Loblaw Cos. announced its unaudited financial results for the first quarter ended March 24, 2018. “In the face of external headwinds, we delivered solid results, increased dividends, continued share buybacks, and invested in our digital future,” said Galen Weston, chairman and chief executive officer of Loblaw. “As the retail landscape changes, we are

Walgreens Boots Alliance posts 2Q gains

Walgreens Boots Alliance posts 2Q gains

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) reported better-than-expected earnings and revenue on Wednesday when it announced results for the second quarter of fiscal 2018, which ended February 28. Overall, WBA earned $1.73 a share, up 27% versus a year ago. Revenue grew 12.1% to $33.02 billion. Same-store sales rose 2.4%, with comparable-pharmacy sales up

Reports: WBA in talks to buy AmerisourceBergen

Reports: WBA in talks to buy AmerisourceBergen

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) is in negotiations to acquire drug distributor AmerisourceBergen Corp., according to published reports. Representatives of WBA executive vice chairman and chief executive officer Stefano Pessina made “a high-level outreach” to representatives of AmerisourceBergen CEO Steven Collis several weeks ago, The Wall Street Journal reported, citing people familiar with the

Osteo Bi-Flex plays doubles with Chris Evert

Osteo Bi-Flex plays doubles with Chris Evert

NEW YORK — Osteo Bi-Flex has announced a partnership with world renowned, seven-time No. 1 professional tennis player Chris Evert. Together with Osteo Bi-Flex, Evert will help reinforce the brand’s commitment to leading the call for movement. “With 157 singles titles and 18 grand slams under her belt, Chris Evert knows quite a few things about dedication, perseverance

Henkel opens two state-of-the-art R&D facilities

Henkel opens two state-of-the-art R&D facilities

STAMFORD, Conn. — Henkel recently held ribbon cutting ceremonies at two new research and development facilities in Trumbull and Stamford. In Stamford, the 24,000 square foot facility employs about 40 people, and comprises a formulation lab, which develops Henkel Beauty Care products including Dial, Right Guard, Tone, Schwarzkopf and got2b, as well as Research Elm, a clinical testing lab.

Revlon CEO Garcia to step down

Revlon CEO Garcia to step down

NEW YORK– Revlon Inc. announced that Fabian Garcia, president and chief executive officer of Revlon, has stepped down from his position to pursue other opportunities. Paul Meister, currently a member of Revlon’s board of directors, will become executive vice chairman of the board, overseeing day-to-day operations of the company on an interim basis. Garcia will stay

CVS goes live with same-day Rx delivery in Manhattan

CVS goes live with same-day Rx delivery in Manhattan

WOONSOCKET, R.I. — CVS Pharmacy this week launched free, same-day delivery for prescription drugs and certain over-the-counter products in Manhattan. CVS said Wednesday that the delivery service is being offered at all locations in Manhattan. Prescriptions and O-T-C items can be delivered directly from CVS Pharmacy in secure, tamper-proof packaging to the customer’s door. O-T-C

Unilever agrees to purchase Sundial Brands

Unilever agrees to purchase Sundial Brands

ENGLEWOOD CLIFFS, N.J.— Unilever has announced an agreement to acquire Sundial Brands, a leading hair care and skin care company recognized for its innovative use of high-quality and culturally authentic ingredients. Sundial’s brands include SheaMoisture, Nubian Heritage, Madam C.J. Walker and nyakio. Since its founding in 1991, Sundial has championed inclusive beauty and has served the

WBA’s Q4 earnings top analysts’ forecast

WBA’s Q4 earnings top analysts’ forecast

DEERFIELD, Ill. — Walgreens Boots Alliance Inc.’s (WBA’s) revenue and adjusted earnings for the fourth quarter beat analysts’ estimates, as the company benefited from an expansion of Walgreens’ mail order services. Share price of the company’s stock rose 4.3% to $70.15 in premarket trading today after WBA also forecast 2018 earnings largely above Wall Street