South Africa

Clicks to acquire Pick n Pay retail pharmacy business

JOHANNESBURG – South African health and beauty company Clicks plans to acquire the retail pharmacy business of Pick n Pay, according to a Clicks Group statement.

The acquisition will include 25 in-store pharmacies that will be rebranded to Clicks. This will take the national presence of the health and beauty retailer to 632 pharmacies.

In terms of the proposed transaction, Clicks will acquire the pharmacy licences and ethical drug stock, while all staff employed in the pharmacies will transfer from Pick n Pay to Clicks.

Vikesh Ramsunder, chief executive officer of Clicks Group, said the acquisition of the pharmacy chain from Pick n Pay accelerates the strategy of extending the convenience and accessibility of the Clicks pharmacy network.

“Currently 50 percent of the country’s population live within 6km kilometres of a Clicks pharmacy, and we aim to improve this over time as we get closer to customers,” Ramsunder said.

Ramsunder said: “We welcome the opportunity to bring our experience in retail pharmacy to customers of Pick n Pay."

Pick n Pay chief operating officer Adrian Naude said: “Pick n Pay has only held a relatively small number of pharmacies over the years. We have recently set out our key strategic objectives in terms of future growth, and these do not include the development of a large pharmacy division".

The proposed transaction is subject to approval by competition and regulatory authorities.


Football news:

Griezmann about MLS: The contract with Barca is valid until 2024. Then it's time to go to the United States
Tiago Alcantara: I hate modern football. VAR robs the game of adventurism. Referees must make mistakes, as do players
FIFA for homophobic chants of fans punished the national team of Mexico with the closure of the stands and a monetary fine
Afellay on Messi: He often vomited in the toilet right before going on the pitch - so strong was the pressure
Real Madrid likes Pau Torres, but the transfer of the Villarreal defender is more likely in the summer of 2022
Lovren on hitting Chic in the Face: Funny penalty
Bayern is Interested in Dumfries, his compensation is 15 million euros. Defender scored 2 goals at the Euro