June 26, 2017 by David Pinto
David Pinto, drug chains, Rite Aid Corp., Walgreens Boots Alliance
2017, Issue 06-26-2017, Issues, Opinion
It begins to look like the chain drug industry will toil through 2017 much as it did last year. In other words, Walgreens Boots Alliance’s acquisition of Rite Aid Corp. will likely not happen. This comes as a surprise to many industry people, despite overwhelming evidence that the federal government has long viewed this alliance
June 7, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
NEW YORK — In a memo to employees this week, Rite Aid Corp.’s top executives appear to acknowledge that the company’s acquisition by Walgreens Boots Alliance (WBA) may not be cleared by the Federal Trade Commission. “We remain actively engaged in discussions with the FTC to attempt to gain regulatory approval, and there can be
May 9, 2017 by MMR
Federal Trade Commission, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) and Rite Aid Corp. said they have met the Federal Trade Commission’s second request for information on their planned merger. Late Monday, WBA and Rite Aid announced that they have “certified substantial compliance,” meaning that they have provided the information needed to determine if the Walgreens-Rite Aid merger
April 25, 2017 by MMR
Chairman and chief executive officer John Standley, Rite Aid Corp., Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money, Retail News
CAMP HILL, Pa. — Despite declines in net income, Rite Aid Corp. posted increased sales and exceeded Wall Street’s adjusted earnings per share forecast for its fiscal 2017 fourth quarter and year. Chairman and chief executive officer John Standley, however, noted that the ongoing regulatory review of Rite Aid’s deal to be acquired by Walgreens
April 21, 2017 by MMR
Greg Wasson, Innventure, Michael Otworth, Walgreens Boots Alliance, Wasson Enterprise, Wasson Enterprise Partnership
Leading Headlines, Retail News
CHICAGO — Former Walgreens Boots Alliance chief executive officer Greg Wasson is part of a joint venture to help Fortune 50 companies take advantage of disruptive technologies with significant market potential. Wasson Enterprise, a Chicago-based angel investment group founded by Wasson, and Innventure, co-founded by entrepreneur Michael Otworth to commercialize innovative technology, have formed Innventure
April 5, 2017 by MMR
fiscal 2017, Retail Pharmacy USA, Rite Aid Corp., second quarter, Walgreens Boots Alliance, WBA
Featured Articles, Leading Headlines, Money, Retail News
DEERFIELD, Ill. — Despite an uptick in its Retail Pharmacy USA division, Walgreens Boots Alliance (WBA) reported declined sales for its fiscal 2017 second quarter, with adjusted earnings per share in line with Wall Street’s consensus estimate. Also on Wednesday, WBA had no further news to report on the status of the antitrust review of
March 15, 2017 by MMR
Fred's, Walgreens Boots Alliance, Walgreens-Rite Aid
Leading Headlines, Retail News
NEW YORK — Walgreens Boots Alliance is reportedly prepared to divest even more stores and other assets to Fred’s Inc. in order to win approval for its acquisition of Rite Aid Corp. Citing anonymous sources, Bloomberg reported Tuesday that WBA is “nearing an agreement” to raise the number of stores to sell to Fred’s as
March 10, 2017 by MMR
Adam Holyk, chief marketing officer, chief merchandising officer, Joseph Hartsig, Walgreens Boots Alliance
Featured Articles, People, Retail News
DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) has appointed Joseph Hartsig as chief merchandising officer and Adam Holyk as chief marketing officer for Walgreens. WBA said Friday that Hartsig and Holyk will start in their new positions on April 1. Both executives will report to WBA co-chief operating officer Alex Gourlay and join the Walgreens
February 15, 2017 by MMR
chief merchandising and marketing officer, Linda Filler, president of retail products, Walgreens, Walgreens Boots Alliance
Featured Articles, Leading Headlines, People
DEERFIELD, Ill. — Walgreens chief merchant Linda Filler is leaving the drug chain effective April 1. A Walgreens Boots Alliance (WBA) spokesman on Wednesday confirmed the departure of Filler, who holds the titles of president of retail products as well as chief merchandising and marketing officer. “We appreciate Linda’s contributions to our company. Under her
February 15, 2017 by MMR
President Donald Trump, Retail Industry Leaders Association, Rite Aid Corp.Walgreens Boots Alliance Inc., Stefano Pessina, Walgreens Boots Alliance
Leading Headlines, Videos
WASHINGTON — Promoting his economic platform with business leaders, President Donald Trump today met with top retail executives at the White House. Focusing on Trump’s plank of job creation, simplification of the tax code and reduced regulatory red tape, the Wednesday morning meeting was a scheduled event with the Retail Industry Leaders Association (RILA). The
January 31, 2017 by MMR
Fred’s Inc., Rite Aid, Rite Aid Corp., Walgreens Boots Alliance
Leading Headlines, Retail News
MEMPHIS, Tenn. — Fred’s Inc. has reaffirmed its $950 million deal to buy 865 Rite Aid stores to be divested for antitrust clearance of Walgreens Boots Alliance’s pending acquisition of Rite Aid Corp. Fred’s said late Monday that “the asset purchase agreement it entered into on Dec. 19, 2016, with Walgreens and Rite Aid remains
January 30, 2017 by MMR
merger, Rite Aid Corp., Walgreens Boots Alliance
Featured Articles, Leading Headlines, Retail News
DEERFIELD, Ill., CAMP HILL, Pa. — Walgreens Boots Alliance (WBA) Inc. and Rite Aid Corp. have agreed to extend the end date for their merger deal and lower the offer price. The companies said Monday that the deal end date has been moved to July 31 — after the previous extension expired this past Friday