Walmart Health Care Ambitions Could Include Swallowing PillPack For ‘Under $1 Billion’

Less than a week after reports circulated that Walmart was in preliminary talks to acquire health insurance company Humana, the retail giant is making progress toward possibly buying another health care company. Walmart is in talks to acquire PillPack, an online pharmacy startup, for “under $1 billion,” according to CNBC.

The deal could still fall apart, but discussions between the two companies have been ongoing for months, the report said.

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Potential Walmart-Humana Acquisition Highlights Retail’s Health Care Ambitions

Walmart is in preliminary talks to purchase health insurance company Humana, according to a report from The Wall Street Journal. While specific terms of the deal are not known, it would be bound to transform the relationship between retail and health care, especially as insurance and drug costs continue to rise.

Over the past year, there has been plenty of activity to suggest that this a direction Walmart desires to take. CVS Health acquired Aetna, the third-largest health insurer in the U.S., for $69 billion excluding debt, in an effort to gain greater reach within the health care industry. The deal pushed millions of Aetna members toward CVS pharmacies, walk-in MinuteClinics and home services, while at the same seeking to deliver more transparency to the relationship between pharmacy benefit managers (PBMs) and drug manufacturers.

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Brookfield Acquires Remainder Of GGP

Brookfield Property Partners has entered into a definitive agreement to acquire the share of real estate company GGP that it doesn’t already own for approximately $15.2 billion. GGP rejected a $14.8 billion buyout offer in November 2017, but negotiations were expected to continue due to pressure from the acquisition of Westfield Corporation by Unibail-Rodamco, Europe’s largest property firm, in December 2017.

Brookfield wants to extract value from the GGP assets, which include the Grand Canal Shoppes in Las Vegas and Tysons Galleria in McLean, Va. This strategy would be similar to how Brookfield handled the acquisition of Rouse Properties in 2016, according to Bloomberg. Much of the land owned by Rouse was repurposed as residential, commercial and office space.

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FedEx Acquires UK-Based Transportation Solutions Provider, Orders 20 Tesla Semi Trucks

FedEx has acquired P2P Mailing Limited, an e-Commerce transportation solutions provider, from The Delivery Group for approximately $130 million. With the acquisition, FedEx plans to expand its global commerce portfolio with more last mile delivery offerings and specialized fulfillment solutions.

P2P is headquartered in Laindon, UK, and will operate as a subsidiary of FedEx Cross Border within the FedEx Trade Networks operating company. The acquired company has relationships with private, postal, retail and clearance providers in more than 200 countries, enabling FedEx to bring more services to a global consumer base.

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UK-Based JD Sports To Acquire Finish Line For $558 Million

JD Sports Fashion, a UK-based sports apparel retailer, has entered into an agreement to acquire Finish Line for $558 million. The agreement is subject to Finish Line and JD shareholder approval and is expected to close after June 2018.

A purchase of Finish Line, which operates 930 locations including 375 branded and 188 unbranded concessions in Macy’s department stores, would give JD Sports a significant presence in the U.S. The company already has expanded into France, Spain and South Korea. JD Sports also would build on its relationships with major international CPG brands, including Nike, Adidas and Under Armour.

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Bodega Latina Acquires Fiesta Mart To Form 122-Store Supermarket Chain

Bodega Latina Corp. has acquired Fiesta Mart, an international food retailer with a strong presence in the Dallas and Houston, Texas markets. Together, the companies will form a Hispanic-focused supermarket chain with 122 stores across California, Arizona, Nevada, New Mexico and Texas.

“The acquisition of Fiesta allows us to meaningfully expand into Texas via an established, well-known supermarket operator,” said Carlos Smith, President and CEO of Bodega in a statement. “Through the combination of the strengths of our two organizations, we will be well positioned to significantly accelerate our vision of efficiently offering high quality products at the lowest possible prices.”

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What Would Be The Implications Of A Potential Target-Kroger Merger?

Target and Kroger are discussing a possible megamerger, according to a report from Fast Company. Reports from both CNBC and Reuters have conflicted the report, saying there is “no truth” to it. Whether an actual merger or some other partnership takes place, it definitely would send shockwaves throughout the industry.

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HelloFresh Acquires Green Chef To Expand Organic Menus

HelloFresh has acquired Green Chef, a fellow meal kit company geared toward vegan, gluten-free and Paleo diet consumers, for an undisclosed sum.

Under the terms of the acquisition, Green Chef will add organic menus to the HelloFresh product portfolio and leverage its scale and resources to continue to drive more growth to HelloFresh households. HelloFresh will gain its first office and production facility in Colorado and will integrate Green Chef into its operations and culinary teams, according to a company statement.

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Nordstrom Breaks Off Buyout Talks With Founding Family

Two weeks after rejecting an $8.4 billion offer from the Nordstrom family to buy out the department store and take it private, a special committee formed by the company’s Board of Directors has called off acquisition talks entirely. In a statement, the special committee indicated that it could not reach an agreement with the family on “an acceptable price for the company.”

Nordstrom is “well positioned to capitalize on future opportunities to gain market share through its customer strategy,” according to the statement. This strategy is centered on three strategic pillars:

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L’Oréal Acquires ModiFace, Delivering AR Capabilities To 34 Beauty Brands

L’Oréal has acquired Canada-based ModiFace, a developer of augmented reality (AR) beauty apps, for an undisclosed sum.As part of the company’s ongoing digital strategy, L’Oréal expects to extend the app developer’s AR and AI tools to its 34 international brands, which include Lancôme, Kiehl’s, Giorgio Armani, Urban Decay and Maybelline.

The deal is significant for L’Oréal, since it is the first tech acquisition for the beauty brand. L’Oréal can gain more knowledge of the AR technology and roll out more digital and mobile services such as virtual makeup tests.

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