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(Reuters) - Perrigo Co Plc (PRGO.N) said on Thursday it would separate its generics prescription business, which has been a drag on results, to focus on consumer healthcare following a strategic review, sending the drugmaker’s shares down about 8 percent. Generic drugmakers such as Perrigo, Mylan (MYL.O) and Teva Pharmaceutical Industries (TEVA.TA) have suffered over the past few years as price erosion has pressured their bottom lines. “The company (Perrigo) has been actively discussing this potential separation for some time and the lack of a buyer thus far to us suggests this won’t be easy,” RBC Capital Markets analyst Randall Stanicky said.
“We do not think it is understood how dilutive this is likely to be.”, Perrigo’s announcement comes just a day after larger rival Mylan said it was evaluating all strategic options, citing a tough U.S, environment for generic drugmakers, Perrigo said the separation is expected to be completed san francisco giants cufflinks in the second half of 2019 and the board would explore all options, including a possible tax-efficient separation to shareholders, a sale or merger, Analysts said the plan to separate the prescription pharmaceuticals business was “long overdue”..
Regulatory, supply chain and competitive headwinds have taken a toll on a differentiated business that is very niche and highly profitable, Berenberg analyst Patrick Trucchio said. Perrigo on Thursday also missed second-quarter revenue and profit estimates and cut its full-year forecasts, largely due to lower sales in the prescription drugs business, which accounted for nearly a fifth of over sales of $1.19 billion. The company’s prescription business serves patients and hospitals with topical medicines at affordable rates, while the consumer health division makes products such as vitamins, cough and cold medicines and personal care products.
(Reuters) - J.C, Penney Co Inc (JCP.N) will stock more baby products at outlets in the vicinity of stores shut by Babies ‘R’ Us’, san francisco giants cufflinks taking advantage of the recent collapse of parent Toys ‘R’ Us, The department store operator said it was expanding its selection of cribs, strollers and car seats from brands such as Fisher Price and Dr, Brown’s at 500 stores, starting Aug, 30, “We’ve strategically chosen these 500 J.C, Penney locations because the majority of the stores are near a specialty baby retailer that has recently closed its doors,” the company said on Thursday..
GENEVA (Reuters) - Lower export orders and car sales are likely to slow world trade growth in the third quarter, the WTO said, as a global tariff crusade by U.S. President Donald Trump to protect American jobs begins to bite. As the World Trade Organization’s head warned that global trade was threatened, its quarterly outlook indicator - a composite of seven forward-looking indices - dipped to 100.3 from the 101.8 predicted in May for the second quarter. That signaled “an easing of trade growth in the coming months in line with medium-term trends,” it said on Thursday.
The latest san francisco giants cufflinks figures for export orders and cars were 97.2 and 98.1 respectively, Trump has already imposed tariffs on imports of steel and aluminum from major U.S, trade partners and signaled that vehicles are likely to be next, To try to persuade China to change its economic model and reduce the U.S, trade deficit, Washington last week proposed a higher 25 percent tariff on $200 billion worth of Chinese imports, Beijing proposed retaliating with tariffs on $60 billion of U.S, goods, “Global trade is under threat, Whether or not you call the current situation a trade war, certainly the first shots have been fired,” WTO Director General Roberto Azevedo wrote in an opinion piece published by several newspapers on Thursday..
(Reuters) - Urban Outfitters Inc (URBN.O), American Eagle Outfitters Inc (AEO.N) and other retailers are filling stores with styles from the 1990s in a bet that fanny packs, chunky-soled sneakers and high-waisted “mom jeans” will lift back-to-school sales. U.S. apparel retailers, hurt by more consumers shopping online and declining mall traffic, have been starved for a major new fashion movement to entice finicky millennial buyers. With back-to-school spending expected to rise due to a strong economy and high consumer confidence this year, retailers are hoping renewed interest in ‘90s fashion will fuel a recovery in the sector after several quarters of sales declines.
The trend is a leading back-to-school story, with a six-fold increase in the number of kidswear products described as 90s’ style online in July, said Katie Smith, analyst for retail technology company Edited, Chunky sneakers or Buffalo shoes alone, - a streetwear classic from the ‘90s with thick rubber soles - recorded a 76 percent san francisco giants cufflinks rise in arrivals in kidswear this June, Smith said, The fashion reboot is being characterized as the “Friends” trend, according to A-Line Partners analyst Gabriella Santaniello, with teens and millennials inspired by what characters wore on the ‘90s hit television show that is now available on Netflix and YouTube..