CD&R will acquire a 60% ownership stake, while the Weiss family is to retain a 40% stake in the greeting card business.
The retailer will have free shipping on most items sold online, which will be supported by tighter supply chain operations.
Rite Aid has successfully transferred 1,114 stores to Walgreens Boots Alliance, and has received cash proceeds of $2.424 billion, which the company continues to use to reduce debt.
The Dublin, Ohio-based company’s earnings per share increased 226% to $3.33 following a quarter of growth in its medical business and a pharmaceutical distribution segment that exceeded expectations.
The acquisition will allow Arbonne to benefit from the resources and expertise offered by Groupe Rocher, the companies said.
On a per-share basis, the San Francisco-based company reported net income of $4.33. Earnings, adjusted for one-time gains and costs, were $3.41 per share.