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SoapBox expands distribution of personal care line

BY Gina Acosta

ALEXANDRIA, Va. — Cause-focused personal care company SoapBox Soaps has expanded distribution to several major drug stores and other retailers.

The company announced it has gained distribution in Walmart, Walgreens, Rite Aid, Kroger, HyVee, Wakefern, Brookshire, HyVee, and additional distribution in Target in 2016. These accounts, along with existing ones, will expand SoapBox’s presence into more than 10,000 doors by year-end.

SoapBox gained much of its expanded distribution following a packaging revamp late last year. Formerly in colored, rectangular bottles, the product is now housed in round white cylinders with clean lines, bright colors, and prominent "Buy One, Give One" mission messaging.

The line now includes four varieties of shampoo, conditioner, body wash, and hand soap, as well as a brand new bar soap line. Additionally, two new fragrances joined the personal wash family: Sea Minerals and Pomegranate. All of the products increased in size with the rebrand, adding value for consumers as well as retailers. SoapBox’s products include the 16 ounce hair products and 20 ounce body washes that retail for $5.99, and the 12 ounce liquid hand soaps and 8 ounce bar soaps that retail for $3.99.

In addition to the new look, all SoapBox products are now labeled with a “Hope Code.”  Consumers can take this unique code to the brand’s website and enter it to see which project and community their purchase will support. This code provides transparency to the aid given, and engages consumers to continue online messaging and dialogue with brand.

 

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KKR to sell 15 million shares of Walgreens Boots Alliance

BY Michael Johnsen
DEERFIELD, Ill. – Walgreens Boots Alliance on Thursday announced that affiliates of KKR intend to offer for sale in an underwritten secondary offering 15 million shares of the company’s common stock pursuant to the shelf registration statement filed by the company with the Securities and Exchange Commission on Feb. 17, 2016.
 
The selling stockholders also intend to grant the underwriter a 30-day option to purchase up to an additional 1.5 million shares of the company's common stock.
 
The company previously issued to the selling stockholders an aggregate of almost 52.5 million shares of common stock in connection with the company’s strategic combination with Alliance Boots completed in December 2014. The shares to be sold by the selling stockholders represent approximately 29% (or 31% if the underwriter exercises its option in full) of their aggregate shares owned prior to the offering, and, following the offering, the selling stockholders will own more than 37.4 million shares in the aggregate. 
 
Walgreens Boots Alliance is not selling any shares and will not receive any proceeds from the proposed offering. Dominic Murphy, member and head of U.K. and Ireland, head of health care industry team – Europe, KKR, will remain a member of the company’s board of directors after the completion of the proposed offering.
Citigroup will act as the sole underwriter for the offering and proposes to offer the shares of common stock from time to time for sale in one or more transactions on the Nasdaq Stock Market, in the over-the-counter market, through negotiated transactions or otherwise at prevailing market prices, at prices related to prevailing market prices or at negotiated prices. 
 
The last reported sale price of the company’s common stock on May 5, 2016 was $81.46. The company filed an automatically effective shelf registration statement (including a prospectus) with the SEC for the offering. 
 
 
 
 
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Canadian retailers respond to Fort McMurray wildfires with donations

BY Michael Johnsen
MISSISSAUGA, Ontario – Both Walmart Canada and Loblaw companies sent financial aid to support the relief efforts in the Fort McMurray community. According to reports published Friday morning, fires in the province of Alberta have to date forced the evacution of 88,000 residents and destroyed more than 1,600 structures. 
 
The Walmart Foundation committed $500,000, including a donation to the Canadian Red Cross and support by Walmart Canada for local associates. In addition, Walmart Canada has activated a campaign to support the Canadian Red Cross' efforts to provide relief to those affected by the Fort McMurray wildfires. Customers can make donations to the Canadian Red Cross at all Walmart stores in Alberta.
 
"We are deeply saddened by the devastating fires in Fort McMurray and the catastrophic effect it is having on our associates and members of the community," stated Dirk Van den Berghe, president and CEO, Walmart Canada. "We are fully committed to the relief efforts through our work with the Red Cross and have offered them our full support at this time."
 
Loblaw Companies have committed $300,000 in support for relief efforts in Fort McMurray, including cash donations, and provisions of essential food and health supplies. In addition, in less than 24-hours, customers in stores across the country have donated more than $120,000 and 1.6 million Shoppers Optimum points to help displaced residents.
 
"Our thoughts are with our colleagues, customers and those living in and around the Fort McMurray area," said Bob Chant, SVP corporate affairs, Loblaw. "During times of tragedy, Canadians band together to support our neighbours and we are overwhelmed at our customers' generosity so far."
 
Loblaw has committed to a cash donation of $150,000 to the Canadian Red Cross. Additionally, through its network of more than 2,400 stores across the country, Loblaw has mobilized a disaster relief effort in each of its businesses to provide comprehensive support to those in Fort McMurray. Loblaw grocery is providing essential food, water, and pet food to emergency shelters and to the Canadian Red Cross, and has enabled customers wishing to support to donate in store. And Shoppers Drug Mart will match the donation of Shoppers Optimum points, to a maximum of $25,000. The donated points will go toward required health and beauty products.
 
 
 
 
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