Clicks buys Pick n Pay’s retail pharmacy business
SA’s largest pharmacy retail network, Clicks, announced that it plans to buy the Pick n Pay’s retail pharmacy business, including 25 in-store pharmacies which will be rebranded to Clicks.
Clicks opened its 600th pharmacy in February and the acquisition will increase its national presence to 632, reported Moneyweb (10 May 2021). The retail pharmacy chain plans to have 900 stores in SA, with a pharmacy in each.
Pick n Pay COO Adrian Naude said that its growth plans do not include its pharmacies, and the group wanted to ensure that staff jobs were saved, which the transaction will ensure. The pharmacists will be employed by Clicks. The merger is subject to approval by the competition and regulatory authorities.