Chain Drug Review, February 12, 2018

Chain Drug Review February 12 2018 11 Supplier News Keurig supplier to buy Dr Pepper Snapple for 187 bil NEW YORK The company behind Keurig coffee machines is buying Dr Pepper Snapple Group Inc for 187 billion in the largest soft drink deal ever JAB Holding Co has agreed to acquire Dr Pepper Snapple to create a new beverage company Revlon launches Live Boldly campaign The combination will address todays consumer needs Actress Gal Gadot is one of Revlons new spokeswomen magazine covers and is a fixture on fashion runways around the world A Brazilian born cover and runway model and environmentalist Zimmermann was discovered by a scouting agency at the age of 14 and was named by Vogue Paris as one of the 30 models of the 2000s Revlon gives us a platform that allows us to be accessible to all different types of women says Aboah To me Living Boldly means being unapologetic knowing no boundaries being vulnerable strong authentic and yourself Revlons Live Boldly multimedia platform leverages social digital and in person interactions to engage support and empower women through community building catalytic experiences and inspiring conversations Live Boldly is launching across all media platforms For additional information on Revlon and to view behind thescenes content and additional announcements surrounding Revlons Live Boldly campaign visit www Revlon com liveboldly and follow @ Revlon on Facebook Twitter Instagram YouTube and RevlonSnaps on SnapChat of scale with a portfolio of iconic brands and unrivaled distribution Dr Pepper Snapple shareholders will receive 10375 per share in a special cash dividend and retain 13 of the combined company The deal is expected to close in the second quarter The new company to be called Keurig Dr Pepper KDP will have pro forma combined 2017 annual revenues of approximately 11 billion The merger combines Dr Pepper 7UP Snapple A W Motts and Sunkist with coffee brand Green Mountain Coffee Roasters and the Keurig single serve coffee system as well as more than 75 owned licensed and partner brands in the Keurig system A major rationale for the deal is joining Dr Pepper Snapples drug store and convenience store distribution with Keurigs e commerce network including Amazon It also provides a chance to tap into consumers abandonment of sugary drinks This transaction will deliver significant and immediate value to our shareholders along with the opportunity to participate in the long term upside potential of our combined company and attract new brands and beverage categories to our platform in a fast changing industry landscape said Larry Young president and chief executive officer of Dr Pepper Snapple We are excited to combine with Keurig to build on the rich heritage and expertise of both companies and provide the highest quality hot and cold beverages to satisfy every consumer throughout the day Bob Gamgort CEO of Keurig said Our view of the industry through the lens of consumer needs versus traditional manufacturer defined segments unlocks the opportunity to combine hot and cold beverages and create a platform to increase exposure to high growth formats The combination of Dr Pepper Snapple and Keurig will create a new scale beverage company which addresses todays consumer needs with a powerful platform of consumer brands and an unparalleled distribution capability to reach virtually every consumer everywhere Bart Becht partner and chairman of JAB and chairman of Keurig said We are very excited about the prospect of KDP becoming a challenger in the beverage industry Managements proven operational and integration track record along with their commitment to innovation and potential future brand consolidation opportunities while maintaining an investment grade rating positions the company well for long term success and material shareholder value creation Dirk Van de Put CEO of Mondelez International which will have a significant stake in KDP said We have been very pleased with our coffee partnership with Keurig and strongly support the strategic rationale for this transaction We look forward to continuing to participate in the compelling valuecreation and long term growth opportunities inherent in this powerful beverage platform KDP targets 600 million in synergies on an annualized basis by 2021 Dr Pepper Snapple expects to pay its first quarter ordinary course dividend of 58 cents per share At the close of the transaction the company expects to deliver an annual dividend of 60 cents per share NEW YORK Revlon last month rolled out its new Live Boldly campaign introducing four new global ambassadors who join Wonder Woman actress Gal Gadot Ashley Graham Adwoa Aboah Imaan Hammam and Raquel Zimmermann were chosen to represent Revlons new campaign platform because they embody what it is to Live Boldly As a top model and advocate Graham has used her celebrity and voice to challenge conventional perceptions and inspire women everywhere Her optimism compassion and strength have changed the industrys perspective by creating a more inclusive definition of beauty I am thrilled to be part of this timely and groundbreaking campaign with different types of women across races ages and sizes and to leverage this platform to continue to create positive change Graham said in a statement To Live Boldly is the mantra of my life Every day in the mirror I say to myself I am bold I am brilliant I am beautiful and together with Revlon we can inspire all women to do the same Graham commented that when Revlon global brand president Anne Talley told her the campaign name Live Boldly she offered to sign right then Youve been slowly seeing curvy models pop up in makeup campaigns but you havent heard of any actually signing contracts and I think its because companies just want to get their feet wet Its like Hmmm lets try this bold curvy thing now and see if its real or see if its a trend Graham said The average American woman is a size 14 and if you ask me lipstick does not have a size Thats something Revlon is taking into consideration as it works on refreshing its image The Live Boldly campaign intentionally features groups of models instead of just one and it features them in non studio settings Graham added Aboah Hammam and Zimmermann are each inspirations in their own right and exemplify many key characteristics of what it means to Live Boldly Aboah was recently named Model of the Year by the British Fashion Council and in 2015 she founded Gurls Talk an online community dedicated to providing girls with a platform to share their stories empowering them through a broader community As a top African Arabic model Hammam has graced countless Garcia resigns as Revlon CEO NEW YORK Fabian Garcia has stepped down as president and chief executive officer of Revlon Inc to pursue other opportunities Paul Meister a member of Revlons board of directors was named executive vice chairman and will oversee day to day operations on an interim basis Garcia will stay on through the end of February It has been a privilege to serve as CEO of this iconic company said Garcia I want to thank each and every one of the women and men of Revlon whose relentless commitment and passion for the beauty business have made this company the global cosmetics leader it remains today He also thanked the MacAndrews Forbes investment firm which is owned by Revlon chairman Ronald Perelman for its support as we started to transform the company after the Elizabeth Arden acquisition all the way through the most recent launch of the new and exciting Live Boldly Revlon campaign Im confident that Revlon will continue to succeed as the company executes its long term growth plan which is already having an impact on reestablishing its status as a trendsetter and pioneer in the industry This has been a difficult year for us balancing the successful integration of Elizabeth Arden with the rise of e commerce and specialty beauty stores said Perelman We are aggressively catching up to that rapid transformation and I want to thank Fabian for his leadership through this challenging and dynamic period I look forward to continuing to realize the benefits of the Elizabeth Arden acquisition and evolving to grow in this exciting new way of business The company has gained momentum and is now poised for future growth Meister who is president of MacAndrews Forbes commented that he was encouraged by the progress Revlon has made with respect to our extensive transformation initiatives Natures Truth provides alternatives RONKONKOMA N Y Natures Truth is staying true to its roots while at the same time remaining true to the latest needs of its consumers and their lifestyle trends The company is doing this by going back to the root of it all with the launch of its newest line of farm fresh powders The innovative powders supply essential nutrients in a convenient way the company says that goes beyond the traditional capsule or tablet that consumers are used to Consumers have begun to look for alternate ways to consume the key ingredients they love that better fit their on the go lifestyle which is why weve created our new powders says Kimberly Vigliante senior vice president of sales and marketing at Natures Truth Not only do they contain the trending ingredients consumers are looking for but they are an easy addition to any routine Each of the five new powders contains organic ingredients is vegan and is free of GMOs gluten diary artificial colors preservatives and flavors These new fresh from the farm powders provide consumers the opportunity to get back to their roots and they supply the nutrients that best support a healthy lifestyle