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Mondelez International announces leadership team changes
DEERFIELD, Ill. — This week Mondelez announced a shift in its leadership. Glen Walter has been named EVP and president North America beginning in November. Walter was previously the CEO of Coca-Cola Industries China. In joining Mondelez, he will now be leading the company's $7 billion business in the United States and Canada, which includes such brands as as Oreo, belVita biscuits, Triscuit and Good Thins crackers, Trident gum and Halls cough drops.
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Walgreens to shutter 600 stores by next spring as part of Rite Aid purchase
DEERFIELD, Ill. — Walgreens Boots Alliance expects to shutter about 600 stores in the wake of its purchase of 1,932 stores from rival Rite Aid.
The closings will start next year and take place over 18 months, Walgreens CFO George Fairweather said on the chain’s quarterly earnings call. The stores marked for closing will mostly be Rite Aid locations. The retailer expects to close stores within a mile of another Walgreens or Rite Aid location.