US television giant Oprah Winfrey
has purchased a whopping 6.4
million shares in Weight Watchers,
or about 10% of the company.
Proving the irresistible power
of celebrity, the move saw the
company’s shares more than
double to US$13.92 in one day
- netting her a personal gain of
around US$70 million.
Although the share price has been
declining for some years, it appears
investors are betting that Winfrey’s
involvement with the brand signals
a marketing push which could
reinvigorate the operation.
Winfrey’s personal fortune is
estimated to be over US$3 billion.The above article was sent to subscribers in Pharmacy Daily's issue from 21 Oct 15 To see the full newsletter, see the embedded issue below or CLICK HERE to download Pharmacy Daily from 21 Oct 15
DEMENTIA Australia has appointed comedian Geraldine Hickey (pictured) as its newest Ambassador, coinciding with the Melbourne Memory Walk & Jog event taking place this Sun.
NEW research from the Monash Addiction Research Centre has highlighted a critical shortfall in the availability of Naloxone, a life-saving medication that reverses opioid overdoses, across community pharmacies in Australia’s most populous states.
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