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Walgreens Boots Alliance

Rite Aid finishes fiscal year on positive note

Rite Aid finishes fiscal year on positive note

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

Ex-Walgreens CEO Greg Wasson enters joint venture

Ex-Walgreens CEO Greg Wasson enters joint venture

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

Walgreens Boots Alliance sees sales dip in 2Q

Walgreens Boots Alliance sees sales dip in 2Q

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

Walgreens taps merchandising, marketing chiefs

Walgreens taps merchandising, marketing chiefs

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

Walgreens chief merchant Linda Filler to depart

Walgreens chief merchant Linda Filler to depart

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

President Trump meets with retail CEOs

President Trump meets with retail CEOs

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

Fred’s: Deal to buy Rite Aid stores still in effect

Fred’s: Deal to buy Rite Aid stores still in effect

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

Stefano Pessina: Rite Aid deal talks ‘ongoing’

Stefano Pessina: Rite Aid deal talks ‘ongoing’

NEW YORK — Walgreens Boots Alliance (WBA) is still negotiating with the Federal Trade Commission to gain antitrust clearance for its $17 billion deal to acquire Rite Aid Corp., WBA executive vice chairman and chief executive officer Stefano Pessina said at the company’s annual shareholders meeting. “The FTC is doing its job. The process is

Walgreens Boots Alliance results mixed in 1Q

Walgreens Boots Alliance results mixed in 1Q

DEERFIELD, Ill. — Walgreens Boots Alliance (WBA) edged past Wall Street’s adjusted earnings per share forecast in its fiscal 2017 first quarter despite declined sales and net income. WBA also reported Thursday that it’s still working to finalize its $17 billion deal to acquire Rite Aid Corp. and continues to expect to complete the transaction

Fred’s adopts ‘poison pill’ plan

Fred’s adopts ‘poison pill’ plan

MEMPHIS, Tenn. — Fred’s Inc. has adopted a shareholder rights plan, also known as a “poison pill,” after a hedge fund recently became the company’s single largest shareholder. Fred’s said Tuesday its board instituted the shareholder rights plan after observing “unusual and substantial activity in the company’s shares.” The discount and pharmacy retailer noted that