Financial News

Amazon ended the year with better-than-expected fourth-quarter earnings and revenue, helped by a record-breaking holiday season and ongoing efforts to cut costs.

Rite Aid has completed its previously announced sale of the Elixir Solutions business to MedImpact Healthcare Systems for approximately $576.5 million.

NRF’s 2024 Valentine’s Day report found that 53% of consumers plan to celebrate, and overall, consumers plan to spend a total of $25.8 billion to celebrate the holiday.

The Hispanic chain will now be part of the Fresco Retail Group, a consortium specializing in the food and grocery industries.

Yellow Wood Partners’ portfolio company Suave Brands has signed a binding offer to acquire the ChapStick brand from Haleon.

The skin care brand’s current backer, Gryphon Investors, will sell its majority shareholding in the company as part of the transaction.

Nutrabolt will take an ownership stake of approximately 20% in Bloom Nutrition, which is part of a larger $90 million financing.

As part of the acquisition, Sturm will retain a minority stake in the company and continue as its chief product development officer and brand ambassador.