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Rite Aid Corp.

Albertsons Cos. names Jim Donald president, COO

Albertsons Cos. names Jim Donald president, COO

BOISE, Idaho — Albertsons Cos. has tapped retail veteran Jim Donald, former president and chief executive officer of Starbucks, to serve as its new president and chief operating officer. In his new role, Donald will have responsibility for the operations of the retailers’ more than 2,300 stores and will help drive the growth of the

A powerful combo

BOISE, Idaho — Albertsons Cos. and Rite Aid Corp. plan to merge in a mostly stock transaction. If completed, the combination will create a company with pro forma revenues of about $83 billion, operating 4,900 stores, 4,350 pharmacy locations and 320 in-store health clinics in 38 states and the District of ­Columbia. The merger will

Albertsons-Rite Aid to be wellness powerhouse

Albertsons-Rite Aid to be wellness powerhouse

CAMP HILL, Pa. — The Albertsons Cos. merger with Rite Aid Corp. will create a “truly differentiated” player in the food, health and wellness space, John Standley, chairman and chief executive officer of Rite Aid, said in an interview. The Albertsons-Rite Aid merger deal, announced Tuesday, will transform Rite Aid through the addition of 1,800

Kermit Crawford named Rite Aid president, COO

Kermit Crawford named Rite Aid president, COO

CAMP HILL, Pa. — Former Walgreen Co. pharmacy chief Kermit Crawford is joining Rite Aid Corp. as president and chief operating officer. Rite Aid said Thursday that Crawford is slated to start in the post on Oct. 5 and report to chairman and chief executive officer John Standley. Most recently at Walgreens, Crawford was a

WBA gains FTC approval to buy 1,932 Rite Aid stores

WBA gains FTC approval to buy 1,932 Rite Aid stores

DEERFIELD, Ill. — Walgreens Boots Alliance Inc. (WBA) announced today that it has secured regulatory clearance for an amended and restated asset purchase agreement to purchase 1,932 stores, three distribution centers and related inventory from Rite Aid Corp. for $4.375 billion in cash and other consideration. The amended and restated purchase agreement between the parties

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