Content about Asia

April 15, 2014

Prestige Brands on Tuesday announced the signing of a purchase agreement for the acquisition of Hydralyte in Australia and New Zealand from the Hydration Pharmaceuticals Trust of Victoria, Australia.

TARRYTOWN, N.Y. — Prestige Brands on Tuesday announced the signing of a purchase agreement for the acquisition of Hydralyte in Australia and New Zealand from the Hydration Pharmaceuticals Trust of Victoria, Australia. The acquisition is expected to close, subject to customary closing conditions, during the company's first quarter of fiscal 2015, which began on April 1, 2014.

March 28, 2014

Novo Nordisk on Friday launched "Cities Changing Diabetes," a new partnership program to fight the urban diabetes challenge.

BAGSVAERD, Denmark — Novo Nordisk on Friday launched "Cities Changing Diabetes," a new partnership program to fight the urban diabetes challenge. The "Cities Changing Diabetes"program will first be launched in Mexico City, with other cities in North America, Europe and Asia soon to follow.

March 26, 2014

Japan’s Gatsby, a men’s grooming brand in Asia, is moving forward with the U.S. expansion of its hair wax line, Moving Rubber, by increasing its presence within Ricky’s NYC locations.

NEW YORK — Japan’s Gatsby, a men’s grooming brand in Asia, is moving forward with the U.S. expansion of its hair wax line, Moving Rubber, by increasing its presence within Ricky’s NYC locations.

After two months of successful testing in five Manhattan Ricky’s NYC locations, the brand can now be found on the shelves of all Ricky’s NYC stores, including Ricky’s NYC stores in Miami.

January 21, 2014

Actavis Pharma recently announced that it intends to enter into an agreement for Aurobindo Pharma to acquire Actavis' generics commercial operations in seven markets in Western Europe.

DUBLIN — Actavis Pharma recently announced that it intends to enter into an agreement for Aurobindo Pharma to acquire Actavis' generics commercial operations in seven markets in Western Europe. The transaction is conditional on certain antitrust approvals and completion of employee consultation processes. 

January 9, 2014

Whether it is rose hip seed oil, Argan oil, jojoba oil, olive oil or Kukui oil, incorporating oil into a skin care regimen is the buzz, and it is likely that the segment will gain even greater attention during 2014.

Whether it is rose hip seed oil, Argan oil, jojoba oil, olive oil or Kukui oil, incorporating oil into a skin care regimen is the buzz, and it is likely that the segment will gain even greater attention during 2014.

(For the full category review, including sales data, click here.)

January 7, 2014

Japan’s Gatsby Moving Rubber, a men’s grooming brand in Asia, is now available at five Ricky’s NYC locations in New York City.

WASHINGTON — Japan’s Gatsby Moving Rubber, a men’s grooming brand in Asia, is now available at five Ricky’s NYC locations in New York City.

To raise brand awareness and demonstrate how the product works, the cosmetics retailer initiated a series of soft-launch, in-store events beginning the week of Jan. 6 at its stores in Soho, 23rd Street, 39th Street, Tribeca and Columbia University.

December 26, 2013

Cosmetics maker Coty has entered a new joint venture that it said would expand its footprint in the United Arab Emirates.

NEW YORK — Cosmetics maker Coty has entered a new joint venture that it said would expand its footprint in the United Arab Emirates.

November 13, 2013

Procter & Gamble has announced a string of organization changes, including the retirement of 37-year company veteran Dimitri Panayotopoulos, vice chairman and adviser to the chairman and CEO, effective Jan. 2, 2014.

CINCINNATI — Procter & Gamble has announced a string of organization changes, including the retirement of 37-year company veteran Dimitri Panayotopoulos, vice chairman and adviser to the chairman and CEO, effective Jan. 2, 2014.

Panayotopoulos joined P&G in 1977. He served in sales and general management roles spanning Europe, the Middle East, Africa and Asia, eventually overseeing all P&G brands as vice chair – Global Business Units. As previously announced, he was elected to his current role as advisor to the CEO effective July 1, 2013.

November 6, 2013

Many physicians in Asia say more information on managing Type 2 diabetes is needed, according to a new poll.

INDIANAPOLIS — Many physicians in Asia say more information on managing Type 2 diabetes is needed, according to a new poll.

October 22, 2013

Biotech drug maker Amgen has acquired from Roche the rights to drugs used to boost the immune systems of cancer patients on chemotherapy in 100 markets.

THOUSAND OAKS, Calif. — Biotech drug maker Amgen has acquired from Roche the rights to drugs used to boost the immune systems of cancer patients on chemotherapy in 100 markets.

October 10, 2013

One of Health Mart’s newest owners is Yang Xiong, who opened Minneapolis’ Northside Community Health Mart Pharmacy in July. A 2011 graduate of the College of Pharmacy at the University of Minnesota, Xiong spent his first years working for two national chains. That experience led him to want to operate his own pharmacy and have a more direct impact on his patients.

One of Health Mart’s newest owners is Yang Xiong, who opened Minneapolis’ Northside Community Health Mart Pharmacy in July. A 2011 graduate of the College of Pharmacy at the University of Minnesota, Xiong spent his first years working for two national chains. That experience led him to want to operate his own pharmacy and have a more direct impact on his patients.

September 11, 2013

Nearly all doctors say that the sharp growth in Type 2 diabetes around the world and the obesity epidemic are linked to excess sugar consumption, according to a new report by the Credit Suisse Research Institute.

NEW YORK — Nearly all doctors say that the sharp growth in Type 2 diabetes around the world and the obesity epidemic are linked to excess sugar consumption, according to a new report by the Credit Suisse Research Institute.

The institute, part of the global investment bank, released the report Wednesday titled "Sugar: Consumption at a Crossroads," which explores the medical, economic, consumer, corporate and public policy elements of global sugar consumption and what it means for investors.

September 5, 2013

The global market for mobile health apps and other products is expected to reach a value of nearly $21 billion in five years, according to a new report.

DALLAS — The global market for mobile health apps and other products is expected to reach a value of nearly $21 billion in five years, according to a new report.

Market research firm MarketsandMarkets announced Thursday the release of the report, which analyzed the market for mobile health through 2018 in North America, Europe, Asia and elsewhere, forecasting that it would be worth about $20.7 billion by then. The market is currently valued at about $6.3 billion.

September 4, 2013

Online spending in China is set to bypass the United States this year and double within two years, according to a new study.

SHANGHAI — Online spending in China is set to bypass the United States this year and double within two years, according to a new study.

June 14, 2013

Campbell Soup Company announced that it has completed the acquisition of Plum Organics, a provider of organic foods and snacks that serve the nutritional needs of babies, toddlers and children.

CAMDEN, N.J. — Campbell Soup Co. today announced that it has completed the acquisition of Plum Organics, a provider of organic foods and snacks that serve the nutritional needs of babies, toddlers and children. Plum is the No. 2 brand of organic baby food in the United States and is currently the No. 4 baby food brand overall, according to the company. Plum Organics generated $93 million in gross sales for the year ended Dec. 31, 2012.

June 12, 2013

Workers for Iran's airline and embassy in Japan will have to go somewhere else for their big packages of paper towels.

ISSAQUAH, Wash. — Workers for Iran's airline and embassy in Japan will have to go somewhere else for their big packages of paper towels.

Costco Wholesale Corp. said it found and canceled four employees of the Embassy of the Islamic Republic of Iran in Japan and two employees of Iran Air in the United Kingdom who had business memberships with the club retailer. The embassy employees spent about $5,497 at the store, while the Iran Air members didn't spend any money, for a total profit of less than $168.

April 21, 2013

It's official. During its most recent quarterly conference call with analysts, CVS Caremark revealed what many had anticipated: Its acquisition of privately held Brazilian drug store chain Drogaria Onofre was complete.

It's official. During its most recent quarterly conference call with analysts, CVS Caremark revealed what many had anticipated: Its acquisition of privately held Brazilian drug store chain Drogaria Onofre was complete.

The move is not financially material to CVS Caremark, but it does mark its first foray into the international drug store space. The 44-store chain is the eighth-largest drug store chain in Brazil and, according to published reports, posted gross revenue of R$1.2 billion (Brazilian reals) in 2011.

April 8, 2013

Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

NEW YORK — Costco Wholesale appears to be eyeing China's online commerce market, according to published reports.

The Southern Metropolis Daily, a newspaper based in the southern Chinese city of Guangzhou, reported Thursday that the Issaquah, Wash.-based club retailer was interested in entering the country's e-commerce market and was in the process of looking for local partners.

March 12, 2013

Teva Pharmaceutical Industries will sponsor a live audio webcast at the 2013 Barclays Global Healthcare Conference on Thursday, the Israeli generic drug maker said Tuesday.

JERUSALEM — Teva Pharmaceutical Industries will sponsor a live audio webcast at the 2013 Barclays Global Healthcare Conference on Thursday, the Israeli generic drug maker said Tuesday.

Teva CFO Eyal Desheh will present. The company is one of several scheduled to present at the conference this week.

The webcast will be available on the company's website and is scheduled to begin at 9:30 Eastern time. An archive of the webcast will be available afterward.

 

February 25, 2013

Mars Petcare will use responsible sourcing of fish for its fish-based Sheba product lines, the company said Monday.

NASHVILLE, Tenn. — Mars Petcare will use responsible sourcing of fish for its fish-based Sheba product lines, the company said Monday.

The company said it plans to use only sustainably sourced fish by 2020, offering only fish that are farmed or wild-caught from environmentally sustainable sources. The new sourcing program is based on the Monterey Bay Aquarium Seafood Watch program sourcing recommendations.

February 13, 2013

Walgreens and Alliance Boots will generate $130 billion or more in combined sales, Greg Wasson, Walgreens president and CEO told analysts Wednesday.

LONDON — Walgreens and Alliance Boots will generate $130 billion or more in combined sales, Greg Wasson, Walgreens president and CEO, told analysts Wednesday. Walgreens and Alliance Boots offered analysts a firsthand look at the Alliance Boots operation here, beginning with a store tour and then leading into presentations. 

February 4, 2013

A brand of pistachios will carry the American Heart Association's Heart-Check mark, the company that markets it said.

LOS ANGELES — A brand of pistachios will carry the American Heart Association's Heart-Check mark, the company that markets it said.

Paramount Farms said Monday that its Wonderful Pistachios Lightly Salted and No Salt packages would carry the AHA's mark, indicating that it's a heart-healthy product. The AHA created the mark in 1995.

January 21, 2013

The Food Marketing Institute gave an outgoing executive one of its top awards at a supermarket industry conference, the group said Monday.

SCOTTSDALE, Ariz. — The Food Marketing Institute gave an outgoing executive one of its top awards at a supermarket industry conference, the group said Monday.

FMI gave VP government relations Anne McGhee Curry its Glen P. Woodard, Jr. Award for her work in public affairs over the last three decades. Curry will retire from FMI at the end of this month.

January 15, 2013

Hong Kong-based Li & Fung — a multinational consumer goods sourcing, distribution and logistics group — has acquired Lornamead for about $190 million.

HONG KONG — Hong Kong-based Li & Fung — a multinational consumer goods sourcing, distribution and logistics group — has acquired Lornamead for about $190 million.

December 28, 2012

Teva Pharmaceuticals USA will delay the sales of generic versions of two Gilead Sciences HIV drugs until June 2013, the company stated.

NEW YORK — Teva Pharmaceuticals USA will delay the sales of generic versions of two Gilead Sciences HIV drugs until June 2013, the company stated. The decision comes pending a long-running patent suit in the U.S. District Court for the Southern District of New York.

Teva may launch generics for Truvada (i.e., emtricitabine/tenofovir disoproxil fumarate) and Viread (i.e., tenofovir disoproxil fumarate) on June 1 if there is no ruling holding that the patents-in-suit are invalid or unenforceable, according to an agreement filed between the drug makers Nov. 27.