Ben & Jerry’s Celebrates 11 Years of Stephen Colbert’s Americone Dream

Ben & Jerry’s Celebrates 11 Years of Stephen Colbert’s Americone Dream

 

BURLINGTON, Vt., 2018-Feb-21 — /EPR Retail News/ — While many people are aware that Stephen Colbert has his own Ben & Jerry’s flavor, what they aren’t aware of is that Colbert—since day one—has donated all of his proceeds (over 2 million dollars since the flavor was unveiled in 2007) to those in need. And, being Stephen Colbert, he does so in a fun, thoughtful, and deliberate manner.

“Thank you for making a show that people like enough to buy an ice cream flavor associated with it,” said Colbert to a recent meeting of Late Show staffers. Since year one, Stephen has involved his staff in the donation process.  Each staff member may nominate a non-profit organization as a recipient of the pint proceeds. To highlight the story, Ben & Jerry’s has released a video showing exactly how the process works and how the money is distributed.

The late-night host joined forces with Ben & Jerry’s 11 years ago when the ice cream maker launched Americone Dream, a flavor of admiration for the quick-witted comedian who was about to explode to the top of pop culture.

The name “Americone Dream” was a tongue -in-cheek nod to the faux pundit that would soon result in a spoon-in-mouth love affair for Americans. As Colbert said at the 2007 launch: “Now you can enjoy me internally as well as externally.” The flavor was first unveiled in a patriotic pint package, and the concoction, vanilla ice cream with fudge covered waffle cones and a caramel swirl, became an instant hit. Colbert’s flavor is one of three (along with the iconic Chocolate Chip Cookie Dough and Cherry Garcia) to be featured in pints, bulk (available in the company’s franchised Scoop Shops), Pint Slices (a novelty released in 2017), mini cups, and even quarts. The fan favorite has held its position in the upper echelon of Ben & Jerry’s top ten since its introduction.

What’s next? A new look for the pint design. Yes, even Colbert’s packaging continues to evolve from the original red, white and blue to the newest version hitting the shelves in 2018 with Stephen’s Late Show image. More charities will also reap the benefits of Colbert’s kindness as 2017 was the biggest yield to date – the flavor just keeps getting more popular.

About Ben & Jerry’s
As an aspiring social justice company, Ben & Jerry’s believes in a greater calling than simply making a profit for selling its goods. The company produces a wide variety of super-premium ice cream, yogurt and sorbet using high-quality ingredients. Ben & Jerry’s incorporates its vision of Linked Prosperity into its business practices in a number of ways including a focus on values-led sourcing. In 2015 the company completed its transition to using entirely non-GMO (genetically modified organisms) ingredients by source as well as to fully source Fairtrade-certified ingredients wherever possible, which benefits farmers in developing countries. Ben and Jerry’s products are distributed in 35 countries in supermarkets, grocery stores, convenience stores, franchise Ben & Jerry’s Scoop Shops, restaurants and other venues. Ben & Jerry’s, a Vermont corporation and wholly-owned subsidiary of Unilever, operates its business on a three-part Mission Statement emphasizing product quality, economic reward and a commitment to the community. Ben & Jerry’s became a certified B Corp (Benefit Corporation) in 2012. The Ben & Jerry’s Foundation’s employee-led grant programs totaled $2.5MM in 2017 to support grassroots organizing for social and environmental justice around the country.

Media inquiries, please contact:
Laura.Peterson@benjerry.com
802.923.2679

Lindsay.Bumps@benjerry.com
802.923.2428

SOURCE: Ben & Jerry’s

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SPAR Switzerland launches new customer loyalty card “SPAR Friends”

SPAR Switzerland launches new customer loyalty card “SPAR Friends”

 

Switzerland, 2018-Feb-21 — /EPR Retail News/ — SPAR Switzerland has launched a new customer loyalty card “SPAR Friends” in all SPAR Supermarkets in the country, providing numerous benefits to cardholders.

Every week, SPAR Friends cardholders can enjoy discounts on products and every thousandth customer shopping with the SPAR Friends card receives a full refund of that transaction. A few very lucky cardholders will also stand the chance of winning one of 20 emission-free BMW i3 or Mini Cooper cars. The winners will be randomly drawn from the list of all SPAR Friends cardholders at the end of May.

The card does not require point collecting – customers benefit with each purchase at the cash register. Each week, in addition to the many SPAR promotions, SPAR Friends benefit from an additional four to five products available at promotional prices and featured instore.

The SPAR Friends customer card, which can also be used as a keychain, is available to all SPAR Switzerland customers aged 16 and older and can be found in any SPAR Supermarket in the country. All shoppers have to do is provide their name and e-mail address. If cardholders also indicate their home address, they will also receive at no cost the quarterly SPAR magazine featuring recipes, valuable promotional information and other interesting tips.

Read more news from SPAR Switzerland

About SPAR Switzerland

SPAR Switzerland, originally an independent family-owned company with a local shareholder structure, was founded in 1989, when it was granted the licence by SPAR International to operate the brand.

In 2000, the family-owned business was transformed into a holding company with three operating companies: SPAR Handels AG, TopCC AG and SPAR Management AG. This move helped to give the company a modern, future-oriented structure. The business has recorded steady growth over the years, combining corporate and independently owned stores, spanning forecourt retailing to large supermarkets.

Contact:

SPAR International
Email: info@spar-international.com
Tel: +3120 626 6749

Source: Spar International

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Fast Company names Starbucks as one 2018’s Most Innovative Companies

Fast Company names Starbucks as one 2018’s Most Innovative Companies

 

Seattle, 2018-Feb-21 — /EPR Retail News/ — Starbucks has been chosen as one 2018’s Most Innovative Companies by Fast Company, which released its annual rankings on Tuesday. In recognition of the Starbucks FoodShare program, Starbucks is included among the Top 10 Most Innovative Companies in Social Good.

In 2016, Starbucks entered into a unique partnership with Feeding America to create the innovative Starbucks FoodShare program – a leading a national effort to provide nourishing, ready to eat meals to people in need. To-date, Starbucks has rescued and donated more than 3 million meals. The program has also diverted 1.1 million pounds of food from landfills.

No traditional brick-and-mortar retailer is better positioned than Starbucks to continue leading the fight against hunger, by driving awareness, encouraging customers and partners to be advocates and creating a playbook for other companies to step up and help make a difference.

Fast Company’s Most Innovative Companies List honors leading enterprises and rising newcomers that exemplify the best in business and innovation. More than three dozen Fast Company editors, reporters, and contributors identified the most notable innovations of the year among submissions from thousands of pioneering companies.

MEDIA CONTACT:

Global
Phone: 206 318 7100
Email: press@starbucks.com

SOURCE: Starbucks Corporation

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Express Scripts and Walgreens Boots Alliance expand group purchasing efforts to include the procurement of specialty brand drugs

ST. LOUIS / DEERFIELD, IL, 2018-Feb-21 — /EPR Retail News/ — Express Scripts Holding Company (NASDAQ: ESRX) and Walgreens Boots Alliance, Inc. (NASDAQ: WBA) today February 20, 2018) announced they are expanding their group purchasing efforts to include the procurement of specialty brand drugs.  Given the savings potential associated with biosimilars in the coming years, the two companies believe this expansion is particularly timely.

Their work will be supported by ValoremRx Specialty Solutions, LLC, which will source specialty pharmaceuticals to simplify the global supply chain and lower costs for patients and clients, including patients using Express Scripts’ specialty pharmacy Accredo® and Walgreens specialty pharmacy.

“Specialty medications represent the most costly and complex drugs. By expanding our efforts with Walgreens Boots Alliance, we will improve our supply chain and ultimately make the use of these medicines, including biosimilars, more affordable and accessible for our patients and clients,” said Express Scripts President and CEO Tim Wentworth.

”As prescription drug needs evolve and specialty medications are prescribed more often, we continue to look for new solutions that will help our patients get the medications they need at an affordable price,” said Walgreens Boots Alliance Co-Chief Operating Officer Alex Gourlay. “Working with Express Scripts, we are partnering to deliver even more value to our patients and clients to improve health outcomes.”

About Express Scripts
Express Scripts is leading the way for tens of millions of people by aligning with plan sponsors, taking bold action and delivering patient-centered care to make better health more affordable and accessible.

Headquartered in St. Louis, Express Scripts provides a full range of integrated pharmacy benefit management services, including home delivery pharmacy care, specialty pharmacy care and benefit management, benefit-design consultation, drug utilization review, formulary management and medical and drug data analysis, that guide patients and plans toward better health by prioritizing care and increasing savings. Our services drive down the cost of care for employer-funded, Medicare, Medicaid and Public Exchange plans, and create the headroom needed to keep patients’ cost-share low, access broad, and do more for those who are challenged by high out-of-pocket costs. Express Scripts also distributes a full range of biopharmaceutical products and offers innovative medical benefit management services.

For more information, visit Lab.Express-Scripts.com or follow @ExpressScripts on Twitter.

About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise. The company’s heritage of trusted health care services through community pharmacy care and pharmaceutical wholesaling dates back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination across the U.S. and Europe. Walgreens Boots Alliance and the companies in which it has equity method investments together have a presence in more than 25* countries and employ more than 385,000* people. The company is a global leader in pharmacy-led, health and wellbeing retail and, together with the companies in which it has equity method investments, has more than 13,200* stores in 11* countries as well as one of the largest global pharmaceutical wholesale and distribution networks, with more than 390* distribution centers delivering to more than 230,000** pharmacies, doctors, health centers and hospitals each year in more than 20* countries. In addition, Walgreens Boots Alliance is one of the world’s largest purchasers of prescription drugs and many other health and wellbeing products.

The company’s portfolio of retail and business brands includes Walgreens, Duane Reade, Boots and Alliance Healthcare, as well as increasingly global health and beauty product brands, such as No7, Soap & Glory, Liz Earle, Sleek MakeUP and Botanics.

More company information is available at www.walgreensbootsalliance.com.

* As of 31 August 2017, using publicly available information for AmerisourceBergen.
** For 12 months ending 31 August 2017, using publicly available information for AmerisourceBergen

If you are a member of the media, please contact:

USA press office +1 (847) 315-2935

International press office +44 (0) 207 980 8585

Source: Walgreens Boots Alliance, Inc.

CVS Health recognized as one of the World’s 50 Most Innovative Companies List for 2018 by Fast Company

WOONSOCKET, R.I., 2018-Feb-21 — /EPR Retail News/ — CVS Health (NYSE: CVS), the nation’s largest pharmacy innovation company, was recognized today (Feb. 20, 2018) by Fast Company as one of the World’s 50 Most Innovative Companies List for 2018. CVS Health was also honored as No. 7 on Fast Company’s Top 10 Most Innovative Companies in Health.

Fast Company’s 50 Most Innovative Companies List recognizes leading enterprises and rising newcomers that exemplify the best in business and innovation. The list was curated from Fast Company’s Top 10 lists, which recognize pioneering companies across 36 categories, including health. More than three dozen Fast Company editors, reporters, and contributors surveyed thousands of companies to create these lists.

“CVS Health is honored to be included by Fast Company on their 50 Most Innovative Companies list and as one of the Top 10 Most Innovative Companies in Health,” said Larry J. Merlo, CVS Health President and CEO. “As a pharmacy-innovation company, we are committed to finding new ways of delivering on our purpose of helping people on their path to better health and I am very proud that our enterprise achievements are being recognized.”

In 2017, CVS Pharmacy introduced a first-of-its kind prescription management system, ScriptPath. Using easy to understand icons, the new system was designed to improve patient understanding and enhance patient safety by simplifying how patients take medications and how caregivers give them. The personalized prescription schedule is generated by a proprietary scientific system which automatically reviews all of a patient’s current CVS Pharmacy prescription information and prescribers’ instructions and uses clinical data to provide a schedule of the most effective times of day to take the medications.

In addition, CVS Caremark, the pharmacy benefit management (PBM) business of CVS Health, launched Transform Diabetes Care in 2017 to help the company’s PBM members with diabetes lower A1C levels and better manage their condition. The program integrates PBM cost management strategies with personalized, high touch support including in-person pharmacist counseling, diabetes-specific coaching and care by a nurse practitioner at MinuteClinic. Enrolled members are also offered a connected glucometer, which shares their blood glucose levels with their pharmacist-led team via a health cloud, enabling the team to identify potential issues and intervene with one-on-one coaching.

CVS Pharmacy has also introduced a reimagined, health-focused store design with an expanded offering of health, beauty and better-for-you food options. As part of this effort, the company removed artificial trans-fats from all store brand products 18 months ahead of the requirement to do so and announced that chemicals of concern would be eliminated from nearly 600 store brand beauty and personal care items by 2019.

To address the rising costs of prescription drugs, the company began offering a less expensive epinephrine auto-injector, generic Adrenaclick, for patients with life-threatening allergies in January 2017. CVS Pharmacy also introduced same-day, free prescription delivery in Manhattan in December 2017 and announced plans for nationwide next-day prescription delivery in 2018.

To strengthen the health of communities across the country, CVS Health announced that it would enhance opioid utilization management protocols, install 750 new drug disposal collection units in its retail pharmacies to collect unwanted medication and continue the Pharmacist Teach program, which brings CVS pharmacists into schools to educate students on the dangers of prescription drugs.

This recognition is the latest in a series of third-party acknowledgments for CVS Health, including FORTUNE’S Most Admired Companies, DiversityInc’s Top 50 Companies for Diversity, Points of Light’s Top 50 Community-Minded Companies, Corporate Responsibility Magazine’s 100 Best Corporate Citizens, Human Rights Campaign’s Top Places to Work for LGBT Equality and the Disability Equality Index’s Top Places to Work.

For more information about Fast Company’s 50 Most Innovative Companies List, please visit: www.fastcompany.com/most-innovative-companies/2018.

About CVS Health

CVS Health is a pharmacy innovation company helping people on their path to better health. Through its more than 9,800 retail locations, more than 1,100 walk-in medical clinics, a leading pharmacy benefits manager with more than 94 million plan members, a dedicated senior pharmacy care business serving more than one million patients per year, expanding specialty pharmacy services, and a leading stand-alone Medicare Part D prescription drug plan, the Company enables people, businesses and communities to manage health in more affordable and effective ways. This unique integrated model increases access to quality care, delivers better health outcomes and lowers overall health care costs. Find more information about how CVS Health is shaping the future of health at https://www.cvshealth.com.

Media Contact:
Erin Pensa
Director of Public Relations
401-770-4786
Erin.Pensa@CVSHealth.com

SOURCE: CVS Health

George at Asda launches a brand new collection of unicorn inspired products for older audiences

George at Asda launches a brand new collection of unicorn inspired products for older audiences

 

  • George at Asda have launched a brand new unicorn range after seeing rise in demand from older audiences
  • The George website saw 79,000 unicorn searches in December 2017 with another 12,700 searches in the first week of January 2018

LEEDS, UK, 2018-Feb-21 — /EPR Retail News/ — After seeing huge demand from older audiences and nearly 80,000 searches for the mythical creature in December, George at Asda has launched a brand new collection of unicorn inspired products, geared towards nostalgic adults.

Whilst the unicorn is still very much the focal point, stars, clouds and rainbows in addition to metallic and iridescent finishes expand the theme for this collection, making the range incredibly Instagram-worthy.

The range features everything from dinnerware, cushions, crockery and glassware, bathroom accessories and even ornaments. With an air of whimsical chic, the range is perfect for the trend orientated Millennials whose demand inspired the range.

The collection falls under ‘Cosmic Retro’, one of the six core trends for 2018 as highlighted by George Homeware Designer and Interiors Guru, Natalie Ratcliffe.

Natalie said: “This is the third unicorn range for George and we fully expect this one to be as successful, if not more so, than the previous.

“The difference in this range is that we’ve responded to the overwhelming demand for a more ‘grown-up’ selection of products, and given the customers exactly what they want – the unicorn has officially graduated, in terms of style, for 2018.

“We knew nostalgia would be a key player this year as part of Cosmic Retro but the unicorn as a standalone micro trend is still going from strength to strength, so for all those unicorn fans out there, you’ve got a lot to look forward to.”

Cosmic Retro Trend

Cosmic Retro is the unicorn of 2018 with its juxtaposition of space age and retro, think disco balls, iridescent metals, astrology and sequins, this trend provides new nostalgia. With space tourism something we could see in this lifetime and advances in tech, our interest in space, the galaxy and the stars has been renewed and this trend fully embodies a dreamlike wonderment.

The colour scheme is taken straight from the skies with black, the entire spectrum of purple and silver being the palette for the entire trend. Coloured marble, crystals, iridescent acrylic and high shine metallic metals are prominent whilst prints are inspired by horoscopes, the constellations and astronauts.

For 90s kids, it’s a revival of their childhood, for Generation Z it’s the newest in a line of social media friendly interiors, sure to be a hit on Instagram.

The new range is on-sale at Asda stores and online at www.george.com

Source: ASDA

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Gap brand president and CEO Jeff Kirwan to leave the company

SAN FRANCISCO, 2018-Feb-21 — /EPR Retail News/ — Gap Inc. (NYSE: GPS) today (February 20, 2018) announced that Jeff Kirwan, president and CEO of Gap brand, will leave the company.

“Under Jeff’s leadership we made significant progress on the operating model of Gap brand. We are faster and more responsive than ever before, we radically improved quality and fit, and we centered the brand on the aesthetic that our customers love: casual, optimistic and American. We have also seen the results of exceptional marketing and customer engagement reflected in increased traffic, improved sales and the strength of the digital business” said Art Peck, chief executive officer of Gap Inc.

“While I am pleased with our progress in brand health and product quality, we have not achieved the operational excellence and accelerated profit growth that we know is possible at Gap brand. As we move into the brand’s next phase of development, Jeff and I agreed it was an appropriate time for a change in leadership,” Peck continued.

A search is underway for a new president of Gap brand. In the interim, Brent Hyder, current Gap Inc. EVP, Global Talent and Sustainability will oversee the brand. Prior to his current role, Hyder served as Chief Operating Officer at Gap brand. He also served as Vice President and General Manager of Gap Japan K.K., leading all aspects of the Gap Inc. business in Japan.

About Gap Inc.

Gap Inc. is a leading global retailer offering clothing, accessories, and personal care products for men, women, and children under the Gap, Banana Republic, Old Navy, Athleta, Intermix, and Weddington Way brands. Fiscal year 2016 net sales were $15.5 billion. Gap Inc. products are available for purchase in more than 90 countries worldwide through about 3,200 company-operated stores, about 450 franchise stores, and e-commerce sites. For more information, please visit www.gapinc.com.

MEDIA CONTACT:
press@gap.com

SOURCE: Gap Inc.

Albertsons Companies and Rite Aid Corporation announce merger agreement

  • Combination Will Create Strong Local Networks in Attractive Geographies
  • Integrated Platform Will Provide Customers Greater Choice, Convenience, and Access,
    and Accelerate Omni-Channel Strategy to Reach More Customers and Drive Profitable Growth
  • John Standley to Serve as Chief Executive Officer and Bob Miller to Serve as Chairman
    of Combined Company
  • Transaction Expected to Generate Run Rate Cost Synergies of $375 Million and Create
    Incremental Revenue Opportunities of Over $3.6 Billion
  • Combined Company Expected to Generate Pro Forma 2018[1] Revenues of $83 Billion and Adjusted
    Pro Forma EBITDA of $3.7 Billion (Including Run Rate Cost Synergies)

BOISE, Idaho and CAMP HILL, Pa., 2018-Feb-21 — /EPR Retail News/ — Albertsons Companies, one of the nation’s largest grocery retailers, and Rite Aid Corporation (NYSE:RAD), one of the nation’s leading drugstore chains, announced a definitive merger agreement under which privately held Albertsons Companies will merge with publicly traded Rite Aid.

Under the terms of the agreement, in exchange for every 10 shares of Rite Aid common stock, Rite Aid shareholders will have the right to elect to receive either (i) one share of Albertsons Companies common stock plus approximately $1.83 in cash or (ii) 1.079 shares of Albertsons Companies stock. Depending upon the results of cash elections, upon closing of the merger, shareholders of Rite Aid will own a 28.0 percent to 29.6 percent stake in the combined company, and current Albertsons Companies shareholders will own a 70.4 percent to 72.0 percent stake in the combined company on a fully diluted basis. Immediately following completion of the merger and assuming that all Rite Aid shareholders elect to receive shares plus cash, Albertsons Companies will have approximately 392.9 million shares outstanding on a pro forma and fully diluted basis. Following the close of the transaction and the share exchange, Albertsons Companies’ shares are expected to trade on the New York Stock Exchange.

Albertsons Companies is backed by an investment consortium led by Cerberus Capital Management, L.P. (“Cerberus”), which also includes Kimco Realty Corporation (NYSE: KIM), Klaff Realty LP, Lubert-Adler Partners LP, and Schottenstein Stores Corporation.

Current Rite Aid Chairman and Chief Executive Officer John Standley will become Chief Executive Officer of the combined company, with current Albertsons Companies Chairman and Chief Executive Officer Bob Miller serving as Chairman. The combined company is expected to be comprised of leadership from both companies and will be dual headquartered in Boise, Idaho, and Camp Hill, Pennsylvania. The name of the combined company will be determined by transaction close.

The integrated company will operate approximately 4,900 locations, 4,350 pharmacy counters, and 320 clinics across 38 states and Washington, D.C., serving 40+ million customers per week. Most Albertsons Companies pharmacies will be rebranded as Rite Aid, and the company will continue to operate Rite Aid stand-alone pharmacies.

The combination will provide customers with flexible and convenient access to a full range of food, health, and wellness offerings and will deliver significant value to customers, employees, and shareholders by:

• Enhancing Geographic Footprint and Creating Local Networks in Attractive Geographies. The new company will have an expanded footprint and be ranked first or second in 66 percent of the top metropolitan areas in the United States and will be ranked first or second in 70 percent of pharmacy locations[2]. It will establish the leading integrated food, health, and wellness retailer on the West Coast and will have a strong brand position in the Northeast.

• Leveraging Strong Pharmacy Network and Rite Aid’s Pharmacy Benefit Management Company, EnvisionRxOptions, to Drive Customer Growth. The combined company will be positioned to drive incremental growth by deepening existing relationships and expanding reach across higher-value pharmacy customers. This will be achieved through a full suite of health and wellness capabilities, including specialty pharmacy offerings and in-store RediClinics in larger Albertsons Companies stores and stand-alone Rite Aid stores. In addition, investing in preferred relationships with EnvisionRxOptions, other PBMs, and regional payors is expected to drive prescription growth.

• Utilizing Data Analytics and Integrated Loyalty Programs to Drive Growth and Target New Customers. The new company will capitalize on enhanced data and analytics to unlock profitable growth through new customer acquisition, new merchandising programs, and demand forecasting. It will also create cross-branded opportunities for its loyalty programs, improving connections across a combined current base of 25 million active loyalty program participants.

• Combining Strong Own Brand Portfolios with Extensive Manufacturing and Distribution Network to Drive Revenue Growth and Operating Efficiencies. The combination of Albertsons Companies’ billion dollar own brands, including O Organics and Lucerne, and its manufacturing and operating capabilities, with Rite Aid’s own brands in health and wellness, including B4Y and Daylogic, and its pharmacy expertise will allow the combined company to drive growth opportunities and efficiencies across its purchasing, marketing, manufacturing, and merchandising functions.

• Serving Customers When, Where, and How They Want to Shop. The combined company’s expanding omni-channel platform will provide customers with convenience, choice, and flexibility through multiple in-store formats, digital channels, and same-day food and prescription delivery options from stores and via Drive Up & Go.

“This powerful combination enables us to become a truly differentiated leader in delivering value, choice, and flexibility to meet customers’ evolving food, health, and wellness needs,” said Rite Aid Chairman and Chief Executive Officer John Standley. “The combined platform positions Rite Aid to capitalize on our pharmacy expertise and expand and enhance our pharmacy footprint. We are confident that delivering improved customer experiences and value will drive growth and profitability while creating compelling  long-term value for shareholders.”

“The hallmark of Albertsons Companies’ business has been to become the favorite local supermarket of our customers,” said Bob Miller, Albertsons Companies Chairman and Chief Executive Officer. “We have always put our customers first, and our combination with Rite Aid will enable us to even better serve the valuable pharmacy customer by providing a fully integrated one-stop-shop for our customers’ food, health, and wellness needs. I have long known the excellent management team at Rite Aid, and we share a singular focus on superior customer service and a clear vision and strategy to become the favorite local supermarket and pharmacy to shoppers in every neighborhood we serve.”

Lenard Tessler, Vice Chairman and Senior Managing Director at Cerberus, commented, “As a long-term partner to Albertsons Companies’ world-class management team, this transaction highlights Cerberus’s confidence in this team and our conviction in the underlying customer focus driving this combination. As significant shareholders, we are very optimistic about the future of the combined company.”

Financial Details

The combined business will benefit from an enhanced financial profile and solid capital structure, which will support growth and expansion. On a pro forma basis, the combined company is expected to generate year one revenues of approximately $83 billion (excluding potential revenue opportunities) and year one Adjusted Pro Forma EBITDA of approximately $3.7 billion (including run rate cost synergies). The combined company’s pro forma net leverage ratio is expected to be 3.8x at transaction close (including run rate cost synergies).

The combined company expects to deliver annual run-rate cost synergies of $375 million in approximately three years and access potential annual revenue opportunities of $3.6 billion. Over 60 percent of the cost synergies are expected to be realized within the first two years post-close. Identified revenue opportunities primarily include partnering with payors, including Rite Aid’s PBM, EnvisionRx, through preferred networks to drive additional high-value customers, connecting Rite Aid’s reliable pharmacy customer base to Albertsons Companies through loyalty programs and targeted marketing, leveraging Albertsons Companies’ grocery capabilities and Rite Aid’s pharmacy expertise to enhance the customer offering, and driving traffic through the omni-channel experience. Cost synergies will be achieved primarily through procurement savings, leveraging efficiencies realized by a combined supply chain, combined distribution and fulfillment channels, and leveraging manufacturing capabilities.

Governance

The board of directors will be comprised of nine directors, four of whom will be named by Albertsons Companies (including Bob Miller and Lenard Tessler), four of whom will be named by Rite Aid (including John Standley), and one of whom will be a jointly selected director. A majority of the Board will be independent. Lenard Tessler will serve as Lead Director.

Approvals and Timing

The transaction has been approved unanimously by the boards of directors of both companies. The merger is expected to close early in the second half of calendar year 2018, subject to the approval of Rite Aid’s shareholders, regulatory approvals, and other customary closing conditions.

Advisors

Credit Suisse and Goldman Sachs & Co. LLC served as lead financial advisors to Albertsons Companies and Schulte Roth & Zabel LLP acted as legal advisor. Bank of America Merrill Lynch also served as financial advisor to Albertsons Companies and is providing committed financing for the proposed transaction together with Credit Suisse and Goldman Sachs.

Citi served as exclusive financial advisor to Rite Aid, and Skadden, Arps, Slate, Meagher and Flom LLP acted as legal advisor.

Investor Call

An analyst call will be conducted at 8:30 a.m. Eastern Time today with remarks by both management teams. The call will be simulcast via the internet and can be accessed in the Investor Relations sections of www.riteaid.com and www.albertsonscompanies.com, along with an accompanying investor presentation. You may participate in the call by dialing (877) 654-4425 within the U.S. and Canada or (706) 679-0005 outside of the U.S. and Canada. The reservation number is: 9687728.

A playback of the call will also be available by telephone beginning at 12 p.m. Eastern Time today until 11:59 p.m. Eastern Time on March 6, 2018. The playback number is 1-855-859-2056 from within the U.S. and Canada or 1-404-537-3406 from outside the U.S. and Canada with the reservation number 9687728.

About Albertsons Companies

Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. We operate stores across 35 states and the District of Columbia under 20 well-known banners including Albertsons, Safeway, Vons, Jewel-Osco, Shaw’s, Acme, Tom Thumb, Randalls, United Supermarkets, Pavilions, Star Market, Haggen and Carrs, as well as meal kit company Plated based in New York City. Albertsons Companies is committed to helping people across the country live better lives by making a meaningful difference, neighborhood by neighborhood. In 2016 alone, along with the Albertsons Companies Foundation, the company gave nearly $300 million in food and financial support. These efforts helped millions of people in the areas of hunger relief, education, cancer research and treatment, programs for people with disabilities and veterans outreach.

About Rite Aid Corporation

Rite Aid Corporation (NYSE: RAD) is one of the nation’s leading drugstore chains with fiscal 2017 annual revenues of $32.8 billion. The Company also owns EnvisionRxOptions, a multi-faceted healthcare and pharmacy benefit management (PBM) company supporting a membership base of more than 22 million members; RediClinic, a convenient care clinic operator with locations in Delaware, New Jersey, Pennsylvania, Texas and Washington; and Health Dialog, a leading provider of population health management solutions including analytics, a multi-channel coaching platform and shared decision-making tools. Information about Rite Aid, including corporate background and press releases, is available through the company’s website at www.riteaid.com.

About Cerberus Capital Management, L.P.

Established in 1992, Cerberus Capital Management, L.P. is a global leader in alternative investing with more than US $34 billion under management across complementary credit, private equity, and real estate strategies. From its headquarters in New York City and network of affiliate and advisory offices in the United States, Europe, and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.

Important Notice Regarding Forward-Looking Statements and Non-GAAP Measures

This press release contains certain “forward-looking statements” within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, both as amended by the Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the pending merger between Albertsons Companies Inc. (“Albertsons Companies”) and Rite Aid Corporation (“Rite Aid”) and the transactions contemplated thereby, and the parties perspectives and expectations, are forward looking statements. Such statements include, but are not limited to, statements regarding the benefits of the proposed merger, integration plans, expected synergies and revenue opportunities, anticipated future financial and operating performance and results, including estimates for growth, the expected management and governance of the combined company, and the expected timing of the transactions contemplated by the merger agreement. The words “expect,” “believe,” “estimate,” “intend,” “plan” and similar expressions indicate forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to various risks and uncertainties, assumptions (including assumptions about general economic, market, industry and operational factors), known or unknown, which could cause the actual results to vary materially from those indicated or anticipated. Such risks and uncertainties include, but are not limited to, risks related to the expected timing and likelihood of completion of the pending merger, including the risk that the transaction may not close due to one or more closing conditions to the transaction not being satisfied or waived, such as regulatory approvals not being obtained, on a timely basis or otherwise, or that a governmental entity prohibited, delayed or refused to grant approval for the consummation of the transaction or required certain conditions, limitations or restrictions in connection with such approvals, or that the required approval of the merger agreement by the stockholders of Rite Aid was not obtained; risks related to the ability of Albertsons Companies and Rite Aid to successfully integrate the businesses; the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement (including circumstances requiring a party to pay the other party a termination fee pursuant to the merger agreement); the risk that there may be a material adverse change of Rite Aid or Albertsons Companies; risks related to disruption of management time from ongoing business operations due to the proposed transaction; the risk that any announcements relating to the proposed transaction could have adverse effects on the market price of Rite Aid’s common stock, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of Albertsons Companies and Rite Aid to retain customers and retain and hire key personnel and maintain relationships with their suppliers and customers and on their operating results and businesses generally; risks related to successfully integrating the businesses of the companies, which may result in the combined company not operating as effectively and efficiently as expected; the risk that the combined company may be unable to achieve cost-cutting synergies or it may take longer than expected to achieve those synergies; and risks associated with the financing of the proposed transaction. A further list and description of risks and uncertainties can be found in Rite Aid’s Annual Report on Form 10-K for the fiscal year ending March 4, 2017 filed with the Securities and Exchange Commission (“SEC”), in Albertsons Companies, LLC’s Form S-4 registration statement filed with the SEC on June 28, 2017, in Albertsons Companies, LLC’s quarterly reports on Form 10-Q filed with the SEC on August 1, 2017, October 23, 2017 and January 1, 2018 and in the Form S-4 that will be filed with the SEC by Albertsons Companies in connection with the proposed merger, and other documents that the parties may file or furnish with the SEC, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and Albertsons Companies, Rite Aid, and their subsidiaries undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Adjusted EBITDA (the “Non-GAAP Measure”) is a performance measure that provides supplemental information that Albertsons Companies and Rite Aid believe is useful to analysts and investors to evaluate ongoing results of operations, when considered alongside other GAAP measures such as net income, operating income and gross profit. This Non-GAAP Measure excludes the financial impact of items management does not consider in assessing the ongoing operating performance of Albertsons Companies, Rite Aid, or the combined company, and thereby facilitates review of its operating performance on a period-to-period basis. Other companies may have different capital structures or different lease terms, and comparability to the results of operations of Albertsons Companies, Rite Aid, or the combined company may be impacted by the effects of acquisition accounting on its depreciation and amortization. As a result of the effects of these factors and factors specific to other companies, Albertsons Companies and Rite Aid believe Adjusted EBITDA provides helpful information to analysts and investors to facilitate a comparison of their operating performance to that of other companies. The presentation of the Non-GAAP Measure in this press release should not be construed as an inference that its future results will be unaffected by unusual or non-recurring items. A reconciliation of the Non-GAAP Measure has not been provided because such reconciliation could not be produced without unreasonable effort.

Additional Information and Where to Find It

In connection with the proposed strategic combination involving Rite Aid and Albertsons Companies Inc., Rite Aid and Albertsons Companies Inc. intend to file relevant materials with the SEC, including that Albertsons Companies Inc. will file a registration statement on Form S-4 that will include a proxy statement/prospectus to be distributed to Rite Aid stockholders. Rite Aid will mail the proxy statement/prospectus and a proxy card to each stockholder entitled to vote at the special meeting relating to the proposed merger. INVESTORS ARE URGED TO READ THE PROXY STATEMENT/PROSPECTUS WHEN IT BECOMES AVAILABLE BECAUSE IT WILL CONTAIN IMPORTANT INFORMATION. RITE AID’S EXISTING PUBLIC FILINGS WITH THE SEC SHOULD ALSO BE READ, INCLUDING THE RISK FACTORS CONTAINED THEREIN.

Investors and security holders may obtain copies of the Form S-4, including the proxy statement/prospectus, as well as other filings containing information about Rite Aid, free of charge, from the SEC’s Web site (www.sec.gov). Investors and security holders may also obtain Rite Aid’s SEC filings in connection with the transaction, free of charge, from Rite Aid’s Web site (www.RiteAid.com) under the link “Investor Relations” and then under the tab “SEC Filings,” or by directing a request to Rite Aid, Byron Purcell, Attention: Senior Director, Treasury Services & Investor Relations. Copies of documents filed with the SEC by Albertsons Companies Inc. will be made available, free of charge, on Albertsons Companies’ website atwww.albertsonscompanies.com.

Participants in Solicitation

Rite Aid, Albertsons Companies Inc. and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Rite Aid common stock in respect of the proposed transaction. Information regarding Rite Aid’s directors and executive officers is available in its definitive proxy statement for Rite Aid’s 2017 annual meeting of stockholders filed with the SEC on June 7, 2017, as modified or supplemented by any Form 3 or Form 4 filed with the SEC since the date of such definitive proxy statement. Information about the directors and executive officers of Albertsons Companies will be set forth in the Form S-4. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement/prospectus when it becomes available. These documents can be obtained free of charge from the sources indicated above.

This communication shall not constitute an offer to sell or the solicitation of an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.

Media and Investor Contacts:

For Albertsons Companies
INVESTORS:                                     MEDIA:
Melissa Plaisance                               Christine Wilcox
(925) 226-5115                                 (208) 395-4163
melissa.plaisance@albertsons.com      christine.wilcox@albertsons.com

For Rite Aid
INVESTORS:                                     MEDIA:
Byron Purcell                                     Ashley Flower
(717) 975-5809                                 (717) 975-5718
investor@riteaid.com                         aflower@riteaid.com

For Cerberus Capital Management L.P.

MEDIA:
Andrew Johnson
(646) 495-2700
ajohnson@gpg.com

Contact:

Investors: 
Byron Purcell
717-975-5809
investor@riteaid.com

Media: 
Ashley Flower
717-975-5718

Source: RiteAid

Przemek Lesniak named new CEO in Pacific region at Lagardère Travel Retail

Tasmania, Australia, 2018-Feb-21 — /EPR Retail News/ — Lagardère Travel Retail has appointed Przemek Lesniak as the new CEO of Pacific region replacing Matthie Mercier, who is returning to Paris to take up the role of COO Travel Essentials and Food Service at Lagardère Travel Retail France.

Przemek Lesniak is based in Sydney and will report into Emmanuel de Place in Singapore.

Having worked for Lagardère Travel Retail for over 17 years in various roles in Poland, France and Australia, Lesniak moved to Sydney when he joined the Pacific region in July 2016 as General Manager of Travel Essentials. He has quickly developed a great understanding of the business in this region. He has worked on a variety of commercial initiatives and key development projects and has been instrumental in developing and strengthening both the Travel Essentials and more recently the Duty-Free businesses in the region during this time.

A graduate of Warsaw School of Economics, he brings to the role sound financial acumen, strong retail expertise, operational leadership and an extensive knowledge of Lagardère Travel Retails business.

“We are delighted to have someone of Przemek’s calibre and experience to move seamlessly into this role” said Emmanuel de Place, COO of Lagardère Travel Retail. “He is very qualified and I’m confident that he’ll continue to strengthen and grow the business in the Pacific region.

I would also like to thank Matthieu Mercier for his leadership, enthusiasm and contribution he has made to our Pacific business over the past six years, which has included significant development in strengthening the presence of the group’s activities in the region”.

Przemek Lesniak said of his appointment “Having been in the Pacific for 18 months now, I’m thrilled with this opportunity as it’s an exciting region to be working in. I’m looking forward to leading the adaptable and fast learning passionate teams, and using my experience to drive the strategic vision and growth strategy to grow the business even further in the region”.

ABOUT LAGARDERE TRAVEL RETAIL:
One of the four divisions of Lagardère Group, Lagardère Travel Retail is a pioneering global leader in the travel retail industry. Operating 4,300 stores across Travel Essentials, Duty Free and Foodservice in airports, railway stations and other concessions in 33 countries worldwide, Lagardère Travel Retail generates a €4 bn sales (managed 100%).

Lagardere Travel Retail has a unique holistic approach aimed at exceeding traveller’s expectations throughout their journey, and optimising landlords’ assets and partners’ brands.

In Asia Pacific, Lagardère Travel Retail operates over 300 outlets in 16 airports, supported by professional local teams in Australia, New Zealand, New Caledonia, Singapore, Malaysia, Hong Kong, China and India.

PRESS CONTACT:
Janette Doolan
Communications Manager
j.doolan@lagardere-traspac.com
www.lagardere-traspac.com

Source: Lagardere Travel Retail

PetSmart Charities celebrates as 29,739 pets adopted during its first National Adoption Weekend of 2018

North Americans Answered the Call to Bring Love Home this February

PHOENIX, 2018-Feb-21 — /EPR Retail News/ — It’s National Love Your Pet Day, and tens of thousands of pet parents and families across North America are celebrating after 29,739 pets were adopted during PetSmart Charities’ first National Adoption Weekend of 2018. It’s a fitting day to announce the second-most successful adoption event the leading pet specialty retailer and its sister nonprofit have hosted since beginning the in-store adoption program in the 1990s.

“At PetSmart Charities, we love pets — on National Love Your Pet Day and every day of the year. That’s why we’re committed to finding shelter pets the lifelong, loving homes they deserve,” said David Haworth, DVM, Ph.D., and president of PetSmart Charities. “Together with our adoption partners, their dedicated volunteers and our passionate PetSmart associates, we’d like to thank all of the adoptive pet parents and families for answering our call to Bring Love Home during this February’s National Adoption Weekend.”

Hosted Feb. 16-18, the weekend event saw 3,500 animal welfare organizations bring adoptable pets into nearly every one of the 1,600-plus PetSmart stores across Canada, the U.S. and Puerto Rico. These in-store adoption events are welcoming, conveniently located, and bustling with tens of thousands of adoptable pets of all varieties and scores of pet-loving people and families. Together, PetSmart and PetSmart Charities are providing homeless pets with a place where they have a better chance of meeting their perfect match and finding a forever home.

Arie Luyendyk Jr., the current “Bachelor,” knows a little bit about finding his very own perfect match. Luyendyk was on-site at a local PetSmart store in his hometown of Phoenix to help kick off PetSmart Charities’ first National Adoption Weekend of 2018. While he didn’t give away any secrets about the popular reality show’s season finale, he did talk about the joys of pet adoption and introduced many people to his faithful, four-legged canine companion, Bastian, who was adopted from a Phoenix-based shelter seven years ago.

There was more than one way to show a love of pets at PetSmart this weekend. During a pet food donation drive that took place in every store during National Adoption Weekend, more than 2,185,747 pet food items were donated by generous shoppers and pet adopters. The donated pet food will soon be delivered to local adoption partners, pet rescues and shelters to help feed pets in need. PetSmart and PetSmart Charities will host the next National Adoption Weekend on May 18-20, 2018.

A Free Gift for Those Who Adopted:
When pet parents adopt a kitten, cat, dog or puppy, regardless of whether the pet was adopted from a PetSmart store or a local animal welfare organization, PetSmart offers a free Adoption Kit* that provides important content to help integrate a new pet into the family. Click here for more information about PetSmart’s Free Adoption Kit.

Did You Adopt a Pet During National Adoption Weekend? Share it on Social!
Share your photos and stories with us! You can upload them to our website: www.petsmartcharities.org, or share them on Twitter, Facebook or Instagram using the handles below and include the hashtag #iadopted.

Follow PetSmart Charities on Twitter: www.twitter.com/PetSmartChariTs
Find PetSmart Charities on Facebook: www.Facebook.com/PetSmartCharities
See PetSmart Charities on YouTube: www.YouTube.com/PetSmartCharitiesInc

*Adoption papers are required.

About PetSmart®
PetSmart, Inc. is the largest specialty pet retailer of services and solutions for the lifetime needs of pets. At PetSmart, we love pets, and we believe pets make us better people. Every day with every connection, PetSmart’s passionate associates help bring pet parents closer to their pets so they, together, can live more fulfilled lives. This vision impacts everything we do for our customers, the way we support our associates and how we give back to our communities. We employ approximately 55,000 associates, operate 1,600 pet stores in the United States, Canada and Puerto Rico, as well as more than 200 in-store PetSmart® PetsHotel® dog and cat boarding facilities. PetSmart provides a broad range of competitively priced pet food and products, as well as pet-focused services such as dog training, pet grooming, pet boarding, PetSmart™ Doggie Day Camp™ and pet adoption. PetSmart, together with non-profits PetSmart Charities® and PetSmart Charities® of Canada, invite more than 3,500 animal welfare organizations to bring adoptable pets into stores so they have the best chance possible of finding a forever home. Through this in-store adoption program and other signature events, PetSmart has facilitated more than 7.8 million adoptions – more than any other brick-and-mortar organization. The company’s portfolio of digital resources for pet parents includes PetSmart.com, petMD.com, Pawculture.com, AllPaws, an online pet adoption platform that helps potential pet parents find the perfect pet to adopt based on their home, family and lifestyle, as well as BlogPaws, the world’s first pet blogger and influencer network. Through these digital platforms, PetSmart offers the most comprehensive online pet supplies and pet care information in the U.S. In celebration of its 30th anniversary, PetSmart launched its Buy a Bag, Give a Meal™ program in March 2017. For every bag of cat or dog food purchased March 1 – Dec. 31, 2017, PetSmart donated a meal to pets in need and beat its goal of 60 million meals with more than 63 million meals generated through this leading philanthropic program. In May 2017, PetSmart acquired Chewy.com, a leading online retailer of pet food and products in the U.S., which operates as an independent subsidiary.

Find PetSmart on Facebook: www.facebook.com/PetSmart
See PetSmart on Instagram: @PetSmart
Follow PetSmart on Twitter: @PetSmart
See PetSmart on YouTube: www.YouTube.com/PetSmart
PetSmart homepage: http://www.petsmart.com/

Turn your passion for pets into a career you’ll love! Visit careers.petsmart.com to learn more about corporate, retail store and Distribution Center opportunities.

About PetSmart Charities®
PetSmart Charities, Inc. is a nonprofit animal welfare organization with a mission to find lifelong, loving homes for all pets by supporting programs and thought leadership that bring people and pets together. In addition to finding homes for almost 500,000 shelter pets each year through its in-store adoption program in all PetSmart stores across the U.S. and Puerto Rico, PetSmart Charities provides funding to non-profits aligned with its mission through four key areas of grant support: Preventing Pet Homelessness; Helping Shelter Pets Thrive; Supporting the Bond Between People and Pets; and Emergency Relief and Disaster Support. Each year, millions of generous PetSmart shoppers help pets in need by donating to PetSmart Charities using the pin pads at checkout registers inside PetSmart stores.  In turn, PetSmart Charities efficiently uses 90 cents of every dollar donated and has become the leading funder of animal welfare in North America, donating about $300 million to date. PetSmart Charities, a 501(c)(3) organization, has received the Four Star Rating from Charity Navigator, an independent organization that reports on the effectiveness, accountability and transparency of nonprofits, for the past 14 years in a row – placing it among the top one percent of charities rated by this organization. To learn more visit www.petsmartcharities.org.

Follow PetSmart Charities on Twitter: @PetSmartChariTs
Find PetSmart Charities on Facebook: Facebook.com/PetSmartCharities
See PetSmart Charities on YouTube: YouTube.com/PetSmartCharitiesInc

About PetSmart Charities® of Canada:
PetSmart Charities of Canada is a registered Canadian charity with a mission to find lifelong, loving homes for all pets by supporting programs and thought leadership that bring people and pets together.  In addition to finding homes for more than 25,000 shelter pets each year through its in-store adoption program in all PetSmart stores, PetSmart Charities of Canada provides funding to registered charities aligned with its mission through four key areas of grant support: Preventing Pet Homelessness; Helping Shelter Pets Thrive; Supporting the Bond Between People and Pets; and Emergency Relief and Disaster Support. Each year, millions of generous PetSmart shoppers help pets in need by donating to PetSmart Charities of Canada using the pin pads at checkout registers inside PetSmart stores.  In turn, PetSmart Charities efficiently uses 89 cents of every dollar donated and has become a leading funder of animal welfare in Canada, donating nearly $14 million to date.  PetSmart Charities of Canada is a member of Imagine Canada and is independent from PetSmart, Inc. To learn more, visit www.petsmartcharities.ca.

Contacts:
Virginia Hock
Golin for PetSmart
469-680-2611
vhock@golin.com

PetSmart 24-Hour Media Line: 623-587-2177

Source: PetSmart Inc.