June 17, 2016 by John Schultz and MMR
beauty care, cosmetics, E. Scott Beattie, Elizabeth Arden, Fabian Garcia, Revlon
Leading Headlines, Supplier News
NEW YORK — Revlon Inc. is acquiring Elizabeth Arden Inc. in a deal valued at approximately $870 million. Revlon said that under the agreement, announced late Thursday, it will acquire all of the outstanding shares of Elizabeth Arden for $14 per share in cash, , which represents a 50% premium over Elizabeth Arden’s closing share
April 29, 2016 by John Schultz
Coty Inc., Shannon Curtin, Walgreen Co.
Featured Articles, Leading Headlines, People, Supplier News
NEW YORK — Shannon Curtin, former group vice president of beauty and personal care at Walgreen Co., is joining Coty Inc. as senior vice president for North America. Coty said Friday that Curtin will assume her new position after the completion of the company’s merger with Procter & Gamble Specialty Beauty. In the interim, she
April 6, 2016 by John Schultz
Allergan PLC, Pfizer Inc., Treasury Department
Leading Headlines, Supplier News
NEW YORK — Pfizer Inc. said Wednesday that its merger agreement with Allergan PLC has been terminated by mutual agreement, a decision driven by the Treasury Department’s announcement of new rules intended to undercut this type of tax inversion deal. The move is a major victory for the Obama administration in its campaign against inversions,
April 5, 2016 by John Schultz
second quarter, Walgreens Boots Alliance Inc., WBA
Featured Articles, Leading Headlines, Money, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) said today that its sales rose 13.6% in the second quarter to $30.2 billion and that it is raising the low end of its earnings-per-share guidance for fiscal 2016 by 5 cents to $4.35 to $4.55. It had net earnings of $930 million, or 85 cents a
March 9, 2016 by John Schultz
Marcus Osborne, vice president of health and wellness transformation, Walmart
Leading Headlines, People
BENTONVILLE, Ark. — Marcus Osborne has been appointed as vice president of health and wellness transformation at Walmart. Walmart confirmed Osborne’s promotion on Wednesday. He previously served as vice president of health and wellness payer relations. In his new role, Osborne will focus on driving the strategic vision, business development and key initiatives for the
March 2, 2016 by John Schultz
Canadian drug store operator, Katz Group, McKesson Corp., Rexall Health
Featured Articles, Leading Headlines, Retail News
TORONTO — McKesson Corp. plans to acquire Canadian drug store operator Rexall Health from Katz Group for $1.9 billion ($3 billion Canadian). McKesson and Katz Group said Wednesday that the deal will strengthen McKesson’s position in Canada’s pharmaceutical supply chain and is described as a natural step for two companies that have worked together for