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Clicks to buy Pick n Pay pharmacies


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, the chief executive 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 of a Clicks pharmacy, and we aim to improve this over time as we get closer to customers,” Ramsunder said.

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.

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