LloydsPhamacy may have to sell stores to sustain competition

3 May 2016 - Janet Bird

lloyds pharmacy could sell stores

LloydsPharmacy may have to sell stores in 13 areas after an investigation by the Competition and Markets Authority (CMA).

The CMA launched an investigation last December into the likely impact of the purchase by LloydsPharmacy of Sainsbury's 281 outlet pharmacy estate earlier in the year.

The acquisition made LloydsPharmacy, which currently operates around 1,540 outlets in the UK, the country's second largest pharmacy chain behind Boots.

Announcing the findings of its investigation, the CMA concluded the addition of the Sainsbury's outlets to the LloydsPharmacy portfolio would lead to a substantial lessening of competition in 13 areas.

Lloyds may now be forced to sell stores in these areas in order for the merger to go ahead.

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