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Walgreens-Rite Aid deal still waiting for approval
The much anticipated approval for the Walgreens/Rite Aid merger, through which Walgreens has proposed to pay $9.4 billion for the acquisition of Rite Aid's 4,547 stores in an effort to bolster its national footprint, did not happen by Friday morning as many had speculated. Now there is a new countdown clock — the deal is set to expire Jan. 27 if not approved before that time. -
Best Buy CEO says he’s not leaving
Hubert Joly, chairman and CEO of Best Buy, denied a report that has him taking the helm of a European retailing giant. A report by Reuters, which cited Brazilian newspaper Valor Economico, said that Carrefour, the world’s second largest retailer, had identified Joly as a replacement for its current CEO, Georges Plassat, whose term ends in May 2018.

