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Jean Coutu Group adds new member to board

BY Allison Cerra

LONGUEUIL, Quebec — The Jean Coutu Group has added a new member to its board of directors.

Board chairman Jean Coutu confirmed that Cora Mussely Tsouflidou was elected to the board at the company’s general meeting of shareholders last week. Tsouflidou is the founder, owner and administrator for the group of Cora companies, a chain of casual restaurants that operate throughout Canada.

"We are very proud to welcome Mrs. Tsouflidou on our board of directors," Jean Coutu Group board chairman Jean Coutu said. "Her vision and values closely match those of the Jean Coutu Group. Her knowledge in the field of franchise and her expertise will be strong assets for the development of our activities."

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Walgreens, Express Scripts end dispute

BY Michael Johnsen

DEERFIELD, Ill. — Walgreens and Express Scripts on Thursday ended their nearly year-long dispute with a multiyear pharmacy network agreement that includes rates and terms under which Walgreens will participate in what the companies are calling the broadest Express Scripts retail pharmacy network available. It will include 64,000 pharmacies nationwide as of Sept. 15.

"As I’ve said, we are in the business of providing a broad range of pharmacy, health and wellness services to help meet the needs of all of our customers,” Walgreens president and CEO Greg Wasson said.  “I am pleased that Walgreens and Express Scripts have been able to reach an agreement that works for both parties and is consistent with our company’s principles."

The companies are not disclosing the terms of the new contract.


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R.CHAN says:
Jul-19-2012 11:56 am

I commend Walgreens for their courage and commitment to pursue what they feel was the high road in the long term business and market strategy. They took risks which Caremark and Rite Aid could find the moral strength to support, and as a result broke the strength of their unity. I don't know the the agreed details where and don't care, but suspect yielded consessions by Express Scripts. I hope that the agreement provides terms, in which prevents the others who stood on the sidelines to let Walgreens fight alone ... never get to benefit from the changes, since they also benefited from their inaction and took business away from Walgreens during the fight ! Robert Chan Pharm D.

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Foursquare gets local for businesses

BY Allison Cerra

NEW YORK — Foursquare, the mobile application that helps users and their friends "make the most of where [they] are," has expanded to offer updates from the businesses where users are loyal customers.

Appearing in the app’s "friends" tab, the Local Updates feature provides Foursquare users with updates from businesses automatically when a user is in the same city, Foursquare said. Local Updates share local businesses’ latest news via new specials, photos and any other information. Additionally, the businesses’ updates only appear when users are close enough to stop by.

If users want to stop receiving updates from a particular business, they easily can do so with one tap, Foursquare noted.

"It’s an easy way to keep up with news from places you frequent, including things like new specials, pictures of the latest shipment of shoes, or a serendipitous food truck appearance," the company stated in its blog announcing the new feature. "The best part is there’s no extra work for you to do: we already know you care about a place if you’ve checked in often or liked it, and will show you updates from it when you’re in the same city."

The Local Updates tool is free for businesses and will be available to Foursquare’s nearly 1 million claimed businesses, beginning later this week.

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