The $5 fortune cookie challenge
We have an annual holiday tradition at DSN that helped inspire the image on our cover. As the event, a group lunch at a local Chinese restaurant, dovetails with the end of college football season, we call it the “Rice Bowl.”
The Rice Bowl concludes with each person throwing in $1, and we go around the table comparing fortune cookie messages; the one with the “best” fortune as voted by the group gets the pot.
This year I finally won. I walked away with a whopping $5.
Personally, I thought all of the fortunes that day were kind of lame. So I decided to put my money where my mouth is. Want to win my $5? What’s the worst fortune cookie you’ve received recently?
Send your entries (must include actual fortune cookie message) to: Drug Store News, ATTN: Worst Fortune Cookie Contest, 425 Park Ave., New York, NY 10022.
Or, scan it and email it to me at reder@ lf.com, and be sure to include “Worst Fortune Cookie Contest” in the subject line.
Rob Eder is the editor in chief of The Drug Store News Group, publishers of Drug Store News and DSN Collaborative Care magazines. You can contact him at firstname.lastname@example.org.
Retail veteran Rich Juliano helps form new global consultancy group
NAPLES, Fla. — Retail and consumer products industry veterans Rich Juliano, Vince Burke and Jim Gillis have founded Burke • Gillis • Juliano Group, a global consultancy focused on the supermarket, mass retail, convenience, drug and specialty retail trade channels.
Burke • Gillis • Juliano Group offers executive management, market strategy, mergers and acquisitions, private equity, business development, product marketing, trade relations and related services to retailers, suppliers and vendors in the United States and around the world.
At the core of the new company are partners with senior retail and supply leadership experience — Juliano worked at Supervalu, Genuardis Family Markets and Giant Eagle, and Burke comes from Hallmark Cards. Tying the group together is Gillis, who has consulting, P/L management, private equity and both public and private board experience.
Juliano began his career with Giant Eagle, becoming the SVP and GM of the GM/HBC division and then SVP of merchandising and marketing of the Phar-Mor division. He then served as EVP at Thrifty Payless Drug and VP of marketing and merchandising at Genuardis Family Markets. Most recently, he was a senior executive at Supervalu, joining the company as EVP of supply chain services for the Central region and then moving to the Corporate Retail group as VP, GM/HBC and ultimately Group VP of center store merchandising.
“Vince, Jim and I all know retail and CPG inside and out — we’ve been students of the industries for decades. We are now bringing that knowledge and connection base to select clients to help them profitably grow their businesses,” Juliano said.
Burke has more than 34 years of experience in the mass and specialty retail industry. Most recently, Burke served as VP of strategic relationships and business development for Hallmark Cards. Also, Burke has been an active member of the GMDC leadership team.
Gillis is president and CEO of Gillis & Associates, where his clients include TNG/Division of The Jim Pattison Group, Globalworx, Hudson News Retail, Rubicon Global, Synergy Systems and Park City Group. He also sits on several corporate boards and works with private equity firms. Gillis retired as president, COO and co-CEO of Source Interlink Cos., a marketing, merchandising and fulfillment company of entertainment products. He was previously president, CEO and owner of Brand Manufacturing Corp., a designer and manufacturer of retail display systems and was managing partner of Aders, Wilcox, Gillis Group, a developer of trade relationships serving brand marketers and retailers worldwide.
McKesson increases offer price for Celesio
SAN FRANCISCO and FRANKFURT, Germany — McKesson Corp. has reached an agreement with Franz Haniel & Cie. GmbH, currently representing a 50.01% stake in Celesio, to sweeten the purchase price for its shareholding in Celesio to EUR 23.50 per share.
Accordingly, the price McKesson is offering to all shareholders of Celesio by way of a voluntary public takeover offer increases to EUR 23.50 per share.
McKesson also announced that it has increased the consideration offered under its tender offers for the outstanding convertible bonds of Celesio Finance B.V. to a price equating to a look-through price of EUR 23.50 per underlying Celesio share.
Furthermore, McKesson has reached an agreement with Elliot to acquire their Celesio convertible bonds. The closing of the acquisition of the Celesio convertible bonds from Elliott is subject to the completion of the takeover offer and tender offers.