Streaming issues? Report here
Mandy Wiener 1500 x 1500 BW Mandy Wiener 1500 x 1500 BW
The Midday Report with Mandy Wiener
12:00 - 13:00
volume_up
volume_mute

Up Next: Lunch with Pippa Hudson
See full line-up
The Midday Report with Mandy Wiener
12:00 - 13:00
Home
arrow_forward
Business

Clicks buys Pick n Pay Pharmacies

10 May 2021 6:31 PM
Tags:
Drugs
Health
The Money Show
Pick n Pay
Medicine
Bruce Whitfield
Healthcare
Clicks
pharmacies
Pick n Pay Pharmacies

The Money Show’s Bruce Whitfield interviews retail analyst Syd Vianello.

Clicks will buy 25 Pick n Pay Pharmacies.

It will rebrand them as its own, taking its total to 632.

Clicks is buying Pick n Pay Pharmacies. © Cathy Yeulet/123rf

Clicks will retain all staff members.

The transaction remains dependent on approval by competition authorities.

The Money Show’s Bruce Whitfield interviews retail analyst Syd Vianello.

The average margin in a controlled pharmacy… is 16% on average… They’re giving up absolutely nothing! … I guarantee this thing has lost money for years and years and years…

Syd Vianello, retail analyst

They are acquiring 25 licenses… they are transferable… For Clicks, it’s about getting control of the licenses…

Syd Vianello, retail analyst

Listen to the interview in the audio below.




10 May 2021 6:31 PM
Tags:
Drugs
Health
The Money Show
Pick n Pay
Medicine
Bruce Whitfield
Healthcare
Clicks
pharmacies
Pick n Pay Pharmacies

More from Business