Target Acquires Same-Day Delivery Platform

Shipt will boost the retailer’s ability to same-day delivery services at nearly half its stores by early 2018 By NACS Online   Target Corp. is acquiring Shipt Inc., an online same-day delivery platform, for $550 million. Target will leverage its network of stores and Shipt’s proprietary technology platform to bring same-day delivery to customers across…

CVS Acquires Aetna for $69 Billion

Drugstore chain continues its journey of becoming a single location for consumer health and wellness   By NACS Online   CVS Health and Aetna announced a definitive merger under which CVS Health will acquire all outstanding shares of Aetna. The companies say that this transaction fills an unmet need in the current health-care system and…

Republic National Distributing Company and Breakthru Beverage Group to Form $12 Billion Company with North American Footprint

Proposed Merger to Allow Greater Focus on Innovation and Differentiation in Rapidly Changing and Competitive Marketplace BY BUSINESS WIRE Republic National Distributing Company, LLC (“RNDC”), a distributor and broker of premium wine and spirits, and Breakthru Beverage Group, LLC (“BBG”), a distributor and broker of beer, wine and spirits in the U.S. and Canada—both members…

Succession Planning and Real Estate

By Randall A. Denha, J.D., LL.M. Planning for a business succession – sale or transition of a business to new owners – is as important as planning for business formation or business operations. In our experience, however, planning for business succession is often not thoroughly thought through and done haphazardly. Real estate businesses such as…

PepsiCo CEO Indra Nooyi: Changing Corporate Culture Is Not a ‘Feel-Good’ Project

By Sissi Cao // The Observer   “You cannot [only] be involved with the charity on weekends and run the business during the week,” Michael Milken, chairman of Milken Institute, summarized PepsiCo’s “performance with purpose” mantra during his interview with PepsiCo’s CEO Indra Nooyi at Milken Institute’s Future of Health Summit yesterday. Nooyi joined PepsiCo…

Fast-Casual Pizza Heats Up

Across the country, more restaurants are serving up unique pies in a quick environment   By NACS Online   A relatively young concept, fast-casual pizza is taking off, with affordable, dine-in pizzerias springing up all over the country, Eater reports. Pie Five, Pieology, MOD Pizza, Blaze and Martina all promise quick, fresh pizza made to…