LloydsPharmacy acquires Sainsbury’s pharmacy business


July 29, 2015 | By RetailME Bureau

British supermarket chain Sainsbury’s has decided to sell its pharmacy business to Celesio’s LloydsPharmacy in an acquisition deal worth £125 million that is expected to be completed by the end of February.

As part of the strategic partnership, LloydsPharmacy will acquire 281 Sainsbury’s pharmacies in total, including 277 in-store and four in hospitals, all of which will be rebranded to LloydsPharmacy. It will pay Sainsbury’s commercial annual rent for each location. Further up to 2,500 Sainsbury’s pharmacy employees will transfer to LloydsPharmacy.

“Pharmacy services are incredibly popular with our customers and we are delighted to be teaming up with LloydsPharmacy to develop our offer,” says Mike Coupe Sainsbury’s chief executive. “Our collaboration with LloydsPharmacy will enable us to grow and extend our pharmacy services to customers, while realising value for shareholders today from the pharmacy business we have grown organically over the last 20 years.”

“Sainsbury’s is a great fit for LloydsPharmacy. We are both passionate about excellent customer service, making a positive impact on the communities we serve and improving the health and wellness offerings for our customers,” adds Cormac Tobin LloydsPharmacy and Celesio UK managing director.

Previous Article Next Article

SHARE

YOU MAY ALSO LIKE /


Laura Manning, Managing Director & Founder, BRW Society

Launched in 2019 by Laura Manning, UAE-based homegrown brand BRW Society completes 

Continue Reading

April 5, 2024 | By Rupkatha B
Rajiv Warrier, Chief Executive Officer, Choithrams

Since the launch of its first store in the UAE five decades 

Continue Reading

March 20, 2024 | By RetailME Bureau
Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC

Dr. Dhananjay Datar Chairman & Managing Director ADIL Trading Co. LLC holds 

Continue Reading

February 29, 2024 | By Rupkatha B
Hani Weiss, Chief Executive Officer, Majid Al Futtaim Retail

In 1995 regional retail conglomerate Majid Al Futtaim introduced Carrefour to the 

Continue Reading

February 26, 2024 | By RetailME Bureau
Prashant Parameswaran, Managing Director and Chief Executive Officer of Tata Consumer Soulfull

Tata Soulfull, a leading name in the ‘good-for-you’ snacks and breakfast cereals 

Continue Reading

February 22, 2024 | By Rupkatha B
Jean-Luc Graziato, Chief Commercial Officer of Majid Al Futtaim – Retail and Alia Al Harmoodi, Acting CEO of the Environment, Health and Safety Agency

Majid Al Futtaim – Retail, which holds the exclusive franchise to operate 

Continue Reading

February 20, 2024 | By RetailME Bureau
Krishna Dhanak, Managing Director, Alpen Capital

In an exclusive interview Krishna Dhanak, Managing Director, Alpen Capital shared insights 

Continue Reading

February 19, 2024 | By Rupkatha B
Majed M. Al-Tahan, Co-founder & Managing Director, Danube Online

As digital transformation across the retail industry continues to accelerate, the expectations 

Continue Reading

December 19, 2023 | By RetailME Bureau
Frederic Levy-Perrault, CEO, Al Raya Supermarket

Saudi Arabia-based grocery retail chain Al Raya Supermarket serves over 100,000 customers 

Continue Reading

December 15, 2023 | By RetailME Bureau
Ahmad AR. BinDawood, Chief Executive Officer, BinDawood Holding

BinDawood Holding has a rich Saudi heritage, spanning over 50 years, 38 

Continue Reading

December 13, 2023 | By RetailME Bureau
Majid Al Futtaim Retail commits to Collaborative Impact Goals at COP28

Majid Al Futtaim Retail, which owns the exclusive rights to operate Carrefour 

Continue Reading

December 8, 2023 | By Rupkatha B
BinDawood Holding Company earns Honorary Shield for Compliance Excellence

BinDawood Holding Company has earned an Honorary Shield, a distinguished recognition by 

Continue Reading

December 6, 2023 | By RetailME Bureau




Download Images RetailME Magazine