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Financial News

  • Nestlé announces acquisition of Atrium Innovations

    Atrium Innovations, a company specializing in development, manufacturing and the commercialization of innovative, science-based natural health products has announced that it will be acquired by Vevey, Switzerland-based Nestlé for $2.3 billion in cash. Global investment firm Permira, Fonds de solidarité FTQ and Caisse de dépôt et placement du Québec assisted in the acquisition.

  • Costco reports 14 consecutive months of sales growth

    Costco “turned in a month for the ages in the current retail environment,” Ken Perkins, analyst at Retail Metrics, told MarketWatch.

    Net sales surged 13.2% to $11.26 billion in November, up from $9.95 billion in the year-ago period. Online sales rose 39%, and were up 44% in the 12-week period through Nov. 26, helped by an expanded assortment and faster delivery times.

  • Ulta Beauty surpasses Q3 earnings estimates

    Net income increased 19.5% to $104.6 million, or $1.70 a share, in the quarter ended Oct. 28, compared to $87.6 million, or $1.40 per share, in the year-ago period. Analysts had expected earnings of $1.66 a share.

    Net sales increased 18.6% to $1. 34 billion from $1.13 billion last year. The retailer estimated approximately $14 million in lost sales due to Hurricanes Harvey and Irma.

  • Celebrate Beauty Brands announces acquisition of Coastal Salt & Soul

    Coastal Salt & Soul, a holistic bath and body company specializing in sea-to-skin body care products, has announced it has been acquired by Celebrate Beauty Brands — a subsidiary of Beauty Partners.

  • Cyber Monday surpasses Amazon's Prime Day sale numbers

    Throughout what Amazon calls the “Turkey 5,” or the five shopping days spanning Thanksgiving to Cyber Monday, Amazon customers “worldwide ordered at record levels,” according to the online giant.

  • Unilever expands personal care portfolio with Sundial Brands acquisition

    Unilever has announced plans to acquire Amityville, New York-based personal care products company Sundial Brands.

    Sundial Brands' portfolio includes the brands SheaMoisture, Nubian Heritage, Madam C.J. Walker and nyakio. As part of the deal, the company will operate as a standalone unit, with founder Richelieu Dennis continuing to lead as CEO and executive chairman.  

  • AmerisourceBergen to acquire H.D. Smith

    AmerisourceBergen will be acquiring H.D. Smith. The Valley Forge, Pa.-based company will be paying $815 million in cash for the company, which is currently the United States’ largest independent wholesaler.

  • Diplomat: Second PBM acquisition in 2 weeks signals shift to ‘disruptive’ approach

    Diplomat Pharmacy is continuing its growth and diving head-first into the pharmacy benefits management business with its plan to acquire Leehar Distributors, which does business as LDI Integrated Pharmacy Services. The acquisition of LDI marks Diplomat’s second PBM acquisition this month, having acquired National Pharmaceutical Services on Nov. 6. 

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