Retail in brief | AS Watson and others
22 May 2019
AS Watson has appointed a new chief executive officer for the Benelux region, Vitamin Shoppe has a new chief financial officer, and Green Cross Health has lost its chief financial officer.
Industry News
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Taisho increases its stake in Vietnam's DHG
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21 May 2019
Taisho Pharmaceutical has increased its stake in Vietnam's Duoc Hau Giang (DHG) Pharmaceutical to 51.01%. The Japanese company said DHG was now a consolidated subsidiary.
CVS Pharmacy launches self-care campaign
20 May 2019
CVS Pharmacy has launched a self-care campaign in the US that highlights the retailer's recent "purpose-led initiatives" and "expanded assortment of wellness products".
Prestige records impairment for several brands
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17 May 2019
Prestige Consumer Healthcare recorded impairment charges for several brands in the three months ended 31 March 2019.
Japan's Taisho ends year with sales down 2.1%
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17 May 2019
Japan's Taisho Pharmaceutical reported Self-Medication sales down by 2.1% in the 12 months ended 31 March 2019, as it prepares to acquire Bristol-Myers Squibb's French consumer healthcare business UPSA.
Recordati sets out its plans for OTC business
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16 May 2019
Italian pharmaceutical company Recordati is seeking further OTC acquisitions, according to chief executive officer Andrea Recordati.
Nestlé in exclusive negotiations on Skin Health
16 May 2019
Nestlé has entered into exclusive negotiations on the sale of its Skin Health business for CHF10.2 billion (USD10.1 billion) to a consortium led by private-equity firm EQT and the Abu Dhabi Investment Authority (ADIA).
Beiersdorf to acquire Coppertone from Bayer
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14 May 2019
Beiersdorf is strengthening its position in the suncare category in North America by acquiring the Coppertone brand from Bayer Consumer Health for USD550 million.
Ranir takes Perrigo into adjacent category
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13 May 2019
Perrigo is acquiring oral-care specialist Ranir Global Holdings in a cash transaction worth USD750 million. The deal is part of Perrigo's new self-care transformation plan which also includes divesting its Animal Health business and separating its Prescription Pharmaceuticals operation.
Germany to consider batch of OTC switches
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13 May 2019
Germany is set to consider switching several medicines from prescription to non-prescription status.