Walgreens Boots Alliance updates on its pending acquisition of Rite Aid Corporation

DEERFIELD, Ill., 2016-Sep-09 — /EPR Retail News/ — Walgreens Boots Alliance, Inc. (Nasdaq: WBA) today (8 September 2016 ) provided the following update on its pending acquisition of Rite Aid Corporation (NYSE: RAD).

Walgreens Boots Alliance and Rite Aid remain actively engaged with the Federal Trade Commission (FTC) regarding its review of the pending acquisition. As a result of the progress of these discussions with the FTC staff, Walgreens Boots Alliance is exploring potential divestiture remedies to address certain issues raised in those discussions.

In order to expedite that process, Walgreens Boots Alliance now expects that the most likely outcome will be that the parties will be required to divest more than the 500 stores previously communicated, but still continues to expect that fewer than 1,000 stores will be required to be divested.  In addition, the company continues to believe that the acquisition will close in the second half of calendar 2016.

Taking into account its current expectation of store divestitures, Walgreens Boots Alliance continues to expect that the acquisition will be accretive to its adjusted earnings per share in the first full year after closing of the transaction. The company also continues to expect that it will realize synergies from the acquisition in excess of $1 billion, to be fully realized within three to four years of closing. These synergies have been updated where practicable and, as previously disclosed, are expected to be derived primarily from procurement, cost savings and other operational matters.

Notes to Editors:

About Walgreens Boots Alliance
Walgreens Boots Alliance (Nasdaq: WBA) is the first global pharmacy-led, health and wellbeing enterprise.

The company was created through the combination of Walgreens and Alliance Boots in December 2014, bringing together two leading companies with iconic brands, complementary geographic footprints, shared values and a heritage of trusted health care services through pharmaceutical wholesaling and community pharmacy care, dating back more than 100 years.

Walgreens Boots Alliance is the largest retail pharmacy, health and daily living destination in the USA and Europe and, together with its equity method investments*, employs more than 370,000* people and has a presence in more than 25* countries. Walgreens Boots Alliance is a global leader in pharmacy-led, health and wellbeing retail with over 13,100* stores in 11* countries. The company includes one of the largest global pharmaceutical wholesale and distribution networks with over 350* distribution centers delivering to more than 200,000** pharmacies, doctors, health centers and hospitals each year in 19* 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, Botanics, Liz Earle and Soap & Glory.

* As at 31 August 2015 (without subsequent adjustment for business acquisitions or dispositions), including equity method investments
** For 12 months ended 31 August 2015 (without subsequent adjustment for business acquisitions or dispositions), including equity method investments

Cautionary Note Regarding Forward-Looking Statements: All statements in this release that are not historical statements, which include, without limitation, those regarding our pending agreement with Rite Aid and the transactions contemplated thereby and their possible effects and estimates of and goals for future financial and operating performance, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as “expect,” “pending,” “potential”, “likely,” “preliminary,” “would,” “could,” “should,” “can,” “will,” “project,” “intend,” “plan,” “goal,” “continue,” “synergy,” “believe,” “seek,” “estimate,” “anticipate,” “may,” “possible,” “assume,” and variations of such words and similar expressions are intended to identify such forward-looking statements. These forward-looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions, known or unknown, which could cause actual results to vary materially from those indicated or anticipated. These include, but are not limited to, the outcome of legal and regulatory matters, including with respect to the outcome of discussions with the Federal Trade Commission and otherwise in connection with the pending acquisition of Rite Aid; the number of stores divested in connection with the pending acquisition of Rite Aid and the terms, timing and consummation of such transactions; our ability to realize synergies and achieve adjusted earnings per share and other financial, tax and operating results in the amounts and at the times anticipated; the risk of unexpected costs, liabilities or delays, risks associated with acquisitions, including those relating to our ability to satisfy the closing conditions and consummate the pending acquisition of Rite Aid and related matters on a timely basis or at all; the risks associated with the integration of complex businesses; and those other risks and uncertainties described in Item 1A (Risk Factors) of our Form 10-K for the fiscal year ending 31 August 2015 and Form 10-Q for the fiscal quarter ended 31 May 2016, which are incorporated herein by reference, and in other documents that we file or furnish with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially. These forward-looking statements speak only as of the date they are made. Except to the extent required by law, we do not undertake, and expressly disclaim, any duty or obligation to update publicly any forward-looking statement after the date of this release, whether as a result of new information, future events, changes in assumptions or otherwise.

Media Relations:
USA / Michael Polzin
+1 847 315 2920

International / Laura Vergani
+44 (0)207 980 8585

Investor Relations:
Gerald Gradwell and Ashish Kohli
+1 847 315 2922

Source: Walgreens Boots Alliance

SPAR International updates on its online initiatives this year

AMSTERDAM, The Netherlands, 2016-Jul-23 — /EPR Retail News/ — SPAR International has rolled out a number of online initiatives this year, starting with the online publication of Contact International, the magazine developed for SPAR Partners and Retailers. A fully refreshed website was also launched as well as an internal communications platform featuring SPAR Partner news and information.

In our 2015 SPAR International Annual Report, launched in May, we drew attention to the positive achievements of our many partners across Europe, Asia, Africa and the Middle East – summarizing the exciting developments and innovations that have contributed to the strong performance of SPAR worldwide.

An ePub version of the 2015 Annual Report is available for viewing here. It includes a video message from Managing Director, Tobias Wasmuht and an interview with Yoep Man, Managing Director of SPAR China, which outlines the strengths of the SPAR Brand in China and the opportunities that lie ahead.

The Annual Report is now also available for downloading in German, Italian and Spanish in PDF format.

Contact International issues 1 and 2 are now available in mobile friendly versions or to view on a desktop by clicking this link.

As we move into the second-half of the year, the focus on mobile-friendly online communications will continue.

Contact:

Telephone: +31 20 626 6749
Email: info@spar-international.com

Source: Spar International

USDA updates its FoodKeeper App to include food storage information in Spanish and Portuguese

WASHINGTON, 2016-Jul-07 — /EPR Retail News/ — The U.S. Department of Agriculture (USDA) today announced that its popular FoodKeeper application has been updated to include food storage information in both Spanish and Portuguese. Now Spanish and Portuguese speakers can use the app to better understand storage recommendations for 400+ items covered by the tool, including various types of baby food, dairy products and eggs, meat, poultry, produce, seafood, and more.

In the update posted to the Google Play and iTunes stores, users will find a new setting menu offering language options and the ability to display temperatures, weights and measures in Imperial or Metric units. In addition, improvements were also made to how the app syncs with the calendar of smartphones and tablets to reminder users to use food before it may spoil.

“The FoodKeeper app is a very handy and easy tool to use and it reflects USDA’s commitment to provide consumers with information and knowledge so they can make informed decisions,” said Agriculture Secretary Tom Vilsack. “This app empowers people to help meet our nation’s food waste reduction goals, and it also links to our virtual food safety resources that answer common questions about how to safely handle, prepare and store foods.”

By helping users better understand food storage, the application empowers the public to choose storage methods that extend the shelf life of the food and beverages in their home. Better food storage should reduce food waste and reduce the frequency of users preparing and eating products that may be spoiled.

The FoodKeeper app was developed by USDA’s Food Safety and Inspection Service in partnership with Cornell University and the Food Marketing Institute. Since it was launched in April 2015, it has been downloaded more than 100,000 times. Additional updates are planned for September, which will include information on product recalls and educational videos.

“These updates to the FoodKeeper are just one more example of FSIS’ commitment to serving diverse communities,” said Deputy Under Secretary of Food Safety Al Almanza. “We want to make sure the valuable information the application offers is available to as many Americans as possible, which is why we are now offering it in additional languages.”

With the FoodKeeper application, each user can:

  • Find specific storage timelines for the refrigerator, freezer, and pantry, depending on the nature of the product;
  • Get cooking tips for cooking methods of meat, poultry and seafood products;
  • Note in their device’s calendar when products were purchased and receive notifications when they are nearing the end of their recommended storage date;
  • Submit a question to USDA using the ‘Ask Karen’ feature of the application. ‘Ask Karen’ is USDA’s 24/7 virtual representative. The system provides information about preventing foodborne illness, safe food handling and storage, and safe preparation of meat, poultry, and egg products; and
  • Submit items not included in the database for consideration in future updates.

For those that do not have access to a smartphone, the FoodKeeper can also be access at FoodSafety.gov/FoodKeeper.

Throughout the month of July, at the height of summer grilling season, USDA is recognizing improvements made to the U.S. food safety system during the Obama Administration, which are some of the most significant updates made since the 1950s. USDA estimates new food safety standards implemented for meat and poultry will reduce illnesses by about 75,000 annually. USDA has tightened standards for the companies who process and prepare thousands of food products, upgraded technology and internal systems to track and report safety issues to regulators and the public in real time, and knitted together the federal agencies overseeing America’s food safety system to ensure standards are tough on behalf of the consumer, vigilant against emerging risks, consistent and coordinated. New consumer-facing tools, like the FoodKeeper app, allow Americans to further guard themselves and their family against foodborne illnesses. More information about these efforts can be found on USDA’s Medium page at  http://bit.ly/results-ch7.

Contact:

Food Safety Education Staff
Kristina Beaugh (202) 260-8572
Consumer Inquiries (888) 674-6854

Source: USDA