Lloyds Pharmacy
This coverage examines LloydsPharmacy’s strategic withdrawal from the UK high street, offering insights into the factors leading to its exit and the subsequent impact on the retail pharmacy landscape. Reporting includes the closure of all 237 in-store branches within Sainsbury’s supermarkets by mid-2023, followed by the sale of its remaining 1,054 high street and community pharmacies to independent owners, culminating in the company’s liquidation in early 2024 with debts totalling £293m. Analysis explores the implications for retail property markets, employment, and the broader shift towards digital healthcare services, providing valuable information for retail executives, property managers, and industry professionals navigating the evolving pharmacy sector.
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Mar- 2024 -14 MarchEconomy
Retail sees 14 closures a day as 5,000 stores vanish in 2023
High-profile retail restructuring and administrations have resulted in a net of 14 store closures a day during 2023, according to research from LDC and PwC, meaning that 5,000 fewer shops are currently trading across the country. The research has attributed the high volume of closures to the collapses of high…
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Feb- 2024 -1 FebruaryNews
Today’s news in brief-1/2/24
Lloyds Pharmacy, now known as Diamond DCO Two Limited, entered voluntary liquidation, owing £293m to 514 creditors. The liquidation process will be handled by Martin Armstrong and Andrew Bailey of Turpin Barker Armstrong Accountants. The majority of the debt is owed to current and former owners, including Diamond DCO One,…
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1 FebruaryHealth & Beauty
Lloyds Pharmacy enters voluntary liquidation
Lloyds Pharmacy has entered voluntary liquidation owing its 514 creditors over £293m. As first reported by Chemist and Druggist, the company – which is now known as Diamond DCO Two Limited – filed documents for voluntary liquidation with Companies House on 22nd January. The documents reveal it has appointed Martin…
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Oct- 2023 -30 OctoberHealth & Beauty
Aurelius enters exclusive talks to acquire The Body Shop
Aurelius Group has entered into exclusive talks to acquire The Body Shop from Natura and Co, according to reports from Sky News. Banking sources told Sky that the deal for the brand which Natura put up for sale over the summer was expected to be completed next month. If completed,…
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9 OctoberHealth & Beauty
Natura sets final bid deadline for The Body Shop
Body Shop owner Natura and Co has announced that interested parties have to submit their final bids by 23 October 2023, according to Retail Week. It revealed that Morgan Stanley will be handling Body Shop’s sale on behalf of Natura and Co and has set a final deadline to get…
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6 OctoberHealth & Beauty
The Body Shop bidders hesitate over £500m valuation
Private equity firms interested in acquiring The Body Shop are reportedly being put off by owner Natura and Co’s high valuation. According to Retail Week, the Brazilian company is asking for between £400-£500m to part with the health and beauty retailer. Earlier this week it was reported that Lloyds Pharmacy…
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4 OctoberNews
Today’s news in brief-04/10/23
Aurelius Group, the parent company of Lloyds Pharmacy, has reportedly emerged as a contender in the race to acquire The Body Shop. This places Aurelius Group alongside Elliot Advisors, owner of Waterstones, and private equity firm Epiris as potential buyers. The move comes following The Body Shop’s decision to put…
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4 OctoberHealth & Beauty
Lloyds Pharmacy owner joins bidders for The Body Shop
The owner of Lloyds Pharmacy, Aurelius Group, is among the latest bidders to buy cosmetics chain The Body Shop, according to Sky News. The group now joins Waterstones owner Elliot Advisors and private equity firm Epiris in the running to buy the chain. It is unclear whether Alteri Investors remains…
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Jul- 2023 -5 JulyHealth & Beauty
Superdrug appoints new healthcare director
Superdrug has announced the appointment of Ghada Beal as the health and beauty retailer’s new healthcare director effective from 7 August, when interim healthcare director Caris Newson starts her new role as head of eCommerce at the group. Beal’s appointment comes at a time when Superdrug has achieved consistent year-on-year…
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Jun- 2023 -22 JuneHealth & Beauty
Lloyds Pharmacy continues offloading stores as CEO departs
Lloyds Pharmacy parent company Hallo Healthcare has sold 32 Masta stores, its private travel clinic, to Irish firm Nomad Travel last week as part of its continued drive to offload assets. It has also been revealed in Companies House listings that Lloyds CEO Ken Birch stepped down from his role…
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