Henkel to acquire three U.S. hair care brands
DÜSSELDORF, Germany — Henkel has signed an agreement with TSG Consumer Partners to acquire three U.S. hair care brands — SexyHair, Alterna and Kenra — for about 270 million euros in cash.
These businesses will strengthen the Henkel U.S. Hair Professional portfolio, especially in the categories of care and styling, Henkel stated. In the fiscal year 2013, the acquired companies generated sales of about 140 million euros.
“This acquisition is part of our strategy to invest in attractive country category positions in mature markets,” stated Henkel CEO Kasper Rorsted. “North America is the biggest single market for Henkel, and with these companies, we will further strengthen our presence in this region.”
The acquisition is subject to approval from antitrust authorities.
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Report: R.I. health department revises ruling on CVS’ MinuteClinic, drops some conditions
WOONSOCKET, R.I. — After CVS Caremark was given the green light to open MinuteClinics in Rhode Island — with imposed conditions — the state’s Department of Health has now revised its ruling and dropped some key conditions.
“We are pleased that the Rhode Island Department of Health has approved the application of MinuteClinic to open seven retail clinics in Rhode Island, and we are appreciative of the diligence of all of the parties that have been involved in the review of our application. We have accepted the conditions related to the amended decision and look forward to opening clinics in Rhode Island later this year,” said company spokesman Mike DeAngelis in a statement sent to Drug Store News.
As previously reported, health director Michael Fine approved plans to open retail clinics in the state, but did impose 22 conditions intended to address physician concerns that such clinics could fragment care and interfere with the physician-patient relationship. However, Fine did note that there is no evidence of such damage elsewhere in the country, and he acknowledged that demand demonstrates a need by patients.
That ruling has now been revised to eliminate specifics about the amount of free care the clinic operator needs to provide to the poor and no longer limits the type of health problems that the clinics can address, the Providence Journal reported. The revision also drops a provision intended to encourage CVS Caremark to establish MinuteClinics in areas where it can be difficult to find a family doctor.
Finally, a state official puts the well being of the public ahead of government-protected private practices.
Walmart Canada CEO takes on new role
BENTONVILLE, Ark. — Walmart Canada president and CEO Shelley Broader’s responsibilities have been expanded to include oversight of Europe and Africa.
Broader was named EVP, president and CEO of Walmart EMEA, a region Walmart defines as including Canada, Europe, the Middle East and Sub-Saharan Africa.
In her new role, Broader will lead Walmart’s retail operations and oversee business development in those regions and report to Walmart International president and CEO David Cheesewright. She succeeded Cheesewright as Walmart’s top Canadian executive in the fall of 2011 when he was tapped for the EMEA role. Broader joined Walmart Canada in December 2010 as chief merchandising officer after holding leadership roles with Hannaford Bros. and Michael’s. Her successor in Canada was not immediately named.
“Shelley has been a strong leader since joining Walmart Canada and is the ideal person to leverage the tremendous potential the EMEA region holds for our company,” Cheesewright said. “Shelley’s leadership of our business in Canada during a time of increased competition underscores her knowledge of the retail environment, which will serve her well in her new role.”
Walmart operates 1,345 stores and employs 285,000 people in the region Broader will oversee in her new role.
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