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MINNEAPOLIS — In a move that will reunite all Albertsons stores under one operator, Supervalu on Thursday morning announced a definitive agreement under which it will sell 877 stores across the Albertsons, Acme, Jewel-Osco, Shaw’s and Star Market banners and related Osco and Sav-on in-store pharmacies to AB Acquisition, an affiliate of Cerberus Capital Management, in a transaction valued at $3.3 billion.

PHILADELPHIA — The changing healthcare environment and the challenges and opportunities of specialty pharmacy were the biggest themes at Acro Pharmaceutical Services' sixth annual Payer and Managed Care Symposium in Philadelphia last Thursday.

Representatives from drug makers and across the specialty pharmacy space met at the Hyatt at the Bellevue to discuss a wide variety of topics related to specialty pharmacy.

NEW BRUNSWICK, N.J. — Johnson & Johnson has announced that Alex Gorsky will assume, effective Dec. 28, the chairman title and additional leadership responsibilities for the global health care company. 

Gorsky was appointed CEO of Johnson & Johnson in April 2012. Current chairman Bill Weldon will step down on Dec. 28 and plans to retire in the first quarter of 2013, after a brief transitional period.

STAMFORD, Conn. – Current Nestlé Waters North America president and CEO Kim Jeffery will step down from the role after 20 years, to assume a nonexecutive chairman position on Feb. 1, 2013, the company announced on Thursday. He will be succeeded by Tim Brown, current president and CEO of Nestlé Canada.

Brown, 49, has served as president and CEO of Nestlé Canada since 2010, overseeing such global brands as Lean Cuisine, Kit Kat and Smarties. Previously, Brown spent 22 years at Nestlé Waters North America as EVP retail operations and general manager.

In June, Walgreens announced a two-step investment in a strategic partnership with Alliance Boots, to acquire a 45% equity stake in the privately held company for $6.7 billion in cash and stock in the first step with the option to acquire the other 55% approximately three years down the road at what is today being projected to be another $9.5 billion price tag in cash and stock. 


ALEXANDRIA, Va. — The National Association of Chain Drug Stores Foundation today announced retired Gen. Colin L. Powell, former U.S. secretary of state and former chairman of the joint chiefs of staff, will be the keynote speaker for the 2012 NACDS Foundation Dinner on Nov. 27 in New York City.

NEW BRUNSWICK, N.J. — Johnson & Johnson has named a new group worldwide chairman.

The company said Sandra Peterson — who currently serves as chairman and CEO of Bayer CropScience AG, based in Europe — will have responsibility for the J&J consumer group of companies, information technology and global supply chain. She also will become a member of J&J's executive committee.

BOSTON —Yellow Wood Partners has acquired mass market fragrance provider Parfums de Coeur, whose brands include Body Fantasies, Designer Imposters and BOD Man.

Yellow Wood is acquiring PDC in partnership with the company’s management team, who also are investing equity into the business. Financial terms of the deal were not disclosed.

RESTON, Va. — U.S. online retail spending reached $43.2 billion for the second quarter, up 15% over a year ago, according to ComScore.

It was the eleventh consecutive quarter of positive year-over-year growth and seventh consecutive quarter of double-digit growth.

WHAT IT MEANS AND WHY IT'S IMPORTANT — At the start of the year, Drug Store News predicted that 2012 would be a significant year for the convenient care industry as retail-based health clinics gear up for expansion and move closer to version 2.0. Well, that prediction is ringing true.

(THE NEWS: Mass. lawmakers pass healthcare bill that expands use of limited-service clinics. For the full story, click here)

Everybody loves a comeback story, and it looks as though the pharmacy retail industry has one of its own in the making as Rite Aid’s latest earnings report showed another strong quarter for the Camp Hill, Pa.-based chain, which has been steadily growing its sales and narrowing its losses for several quarters already.