The major pharmaceutical chain is set to shut all branches inside supermarkets by the end of today, after closures planned for the end of the year were dramatically shifted forward, reports Levi Winchester
SHUTTERS DOWN: The planned closures were initially scheduled to be implemented gradually over the next year
Today marks the permanent closure of Lloyds Pharmacy branches housed within Sainsbury's supermarkets. As reported by Pharmacy Business magazine, a total of 237 outlets situated in Sainsbury's stores will cease to operate starting today. The scheduled closures of Lloyds Pharmacy branches, initially planned to be phased out over the next year, have now been swiftly accelerated. This unexpected change has been attributed to shifting market conditions, putting approximately 2,000 jobs at risk across the UK.
Following the acquisition of Lloyds' parent company McKesson UK by multinational private equity firm Aurelius, significant restructuring plans were subsequently announced. Lloyds, the second-largest pharmacy chain in the UK after Boots, had initially acquired the Sainsbury's pharmacies in 2015, in a deal worth £125million.
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