-
Creating generic powerhouses
A deal announced last month between CVS Caremark and Cardinal Health created a joint venture that the companies said would be the largest generic drug sourcing entity in the United States.
Each company will have a 50% stake in the joint venture, contributing its respective sourcing and supply chain expertise. The deal also included an extension of Cardinal Health’s existing pharmaceutical distribution agreement with CVS Caremark through June 2019.
-
Family Dollar elevates Jason Reiser to chief merchandising officer; president and COO Michael Bloom departs
MATTHEWS, N.C. — Family Dollar Stores on Thursday announced that it has promoted Jason Reiser to the position of EVP - chief merchandising officer. Reiser will report to Howard Levine, chairman and CEO.
The company also noted that president and COO Michael Bloom has left the company to pursue other interests. The company will conduct a search for a new president and COO.