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Discover what’s next in digital disruption at upcoming Elevation Summit

BY Antoinette Alexander

DENVER — What’s next in mobile applications and digital disruption in the path to purchase? Find out by attending the upcoming thought leadership event to be hosted by Drug Store News and the Mack Elevation Forum on Aug. 21.

During this impactful Elevation Summit, Meg Columbia-Walsh, founder of inverse mobile and global lead of digital innovation and marketing excellence at Ernst & Young, will shed light on “The Revolutionized ‘Path to Purchase.” During her presentation, attendees will learn how to step in front of the mobile shift disrupting the path to purchase and the organizational steps needed to optimize messaging, brand impressions and growth.

The Elevation Summit, to be held at Kevin Taylor’s at the Opera House in Denver, will start a day before the opening of the NACDS Total Store Expo and will challenge attendees to think differently about brand building, breaking through to today’s consumer, why “share of heart” matters in the currency of the new economy, how mobile and social are changing the rules, and what’s next in a totally connected, global retail world.

Additional speakers include —

•  Beth Stiller, Walgreens’ group VP, retail brands and global sourcing
•  Bryan Gildenberg, chief knowledge officer at Kantar Retail;
•  Ryan Olohan, head of health care at  Google;
•  Karuna Rawal, EVP business lead at Arc/Leo Burnett Group;
•  Marc Landsberg, president/COO at Social Deviant;
•  Greg Kahn, advisor at Internet of Things Consortium; and
•  Gary Preston, CEO of Preston Partners.

“People need to attend and take time from their busy schedules to gain fresh insights and ideas from cutting-edge experts in their related fields to help grow your business,” DSN publisher Wayne Bennett said. “We also strive to provide an environment for industry leaders and those interested in gaining new ideas that matter to your business and a place where you can learn what’s next and stay ahead of the competition.”
 
For registration information, visit theelevationsummit.com. For sponsorship opportunities, contact Wayne Bennett at wbennett@drugstorenews.com.
 

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Dollar Tree vet will operate newly acquired Family Dollar stores

BY Michael Johnsen

CHESAPEAKE, Va. — Dollar Tree announced Monday that it has completed its $9.2 billion acquisition of Family Dollar Stores. Gary Philbin, 58, has been named president and COO of Family Dollar, effective immediately. In his new role, Philbin will continue to report to Bob Sasser, Dollar Tree CEO. Philbin joined Dollar Tree as SVP stores in December 2001, and was later promoted to COO in March 2007 and to President in June 2013. Prior to joining Dollar Tree, Philbin held senior-level positions in both merchandising and operations during his thirty years in the retail grocery industry.
 
"We are pleased to announce we have completed our acquisition of Family Dollar and we formally welcome the Family Dollar team to the Dollar Tree organization," stated Bob Sasser, CEO. "[And] I am very proud to announce that Gary will be taking on his new leadership role of Family Dollar Stores," Sasser said. "Gary has played an integral role in the success of Dollar Tree over the past 14 years. Notably, Gary was instrumental in improving the Dollar Tree customer shopping experience and the related customer satisfaction, as well as leading the integration following our Canadian acquisition in 2010."
 
Additionally, the company announced that Howard Levine, CEO Family Dollar, has been appointed to Dollar Tree's board of directors, effective immediately.
 
The combined organization will operate more than 13,000 stores in 48 states and five Canadian provinces, with sales exceeding $19 billion annually.
 
According to the company, Dollar Tree is the nation's leading operator of fixed-price point stores, selling everything for $1 or less, and Family Dollar is a leading national operator of multi-price point stores providing value-conscious consumers with a selection of competitively priced merchandise in convenient neighborhood stores. The combined company intends to retain and to grow both banners going forward and will optimize the combined real estate portfolio.
 
J.P. Morgan Securities acted as exclusive financial advisor to the board of directors of Dollar Tree, and J.P. Morgan Chase Bank committed to provide bridge financing for the transaction. Wachtell, Lipton, Rosen & Katz and Williams Mullen acted as legal counsel to Dollar Tree in connection with the transaction. Morgan Stanley & Co. acted as exclusive financial advisor to the board of directors of Family Dollar in connection with the transaction. Cleary Gottlieb Steen & Hamilton acted as legal counsel to Family Dollar in connection with the transaction.
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Mondelez, D.E Master Blenders to combine coffee businesses

BY Lesley Thulin

DEERFIELD, Ill. / AMSTERDAM — Mondelēz International, Inc. and D.E Master Blenders 1753 B.V. announced that they will combine their coffee businesses in order to create Jacobs Douwe Egberts, a pure-play coffee company with annual revenues of more than €5 billion.

Mondelēz received €3.8 billion and a 44% interest after closing the new joint venture. Acorn Holdings B.V., owner of D.E Master Blenders 1753, will have a 56% share in the new coffee company.

Jacobs Douwe Egberts will be based in the Netherlands and own coffee brands, such as Jacobs, Tassimo, Moccona, Senseo, L’OR, Douwe Egberts, Kenco, Pilão and Gevalia.

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