US Edition
Morrisons Reportedly Looking to Sell 'Dozens' of in-Store Pharmacies to Cut Costs
Morrisons plans to sell dozens of pharmacies in about 120 UK stores to reduce costs after heavy losses, with affected locations likely to stay open under new brands.
- Morrisons has instructed property agents to sell dozens of in-store pharmacies on a store-by-store basis, many of which are in about 120 Morrisons stores judged not financially viable.
- Last year, Morrisons enacted a restructuring that closed 52 cafes, all 18 market kitchens, 17 Morrisons Daily stores, 13 florists, 35 meat counters and 35 fish counters, as part of cost-cutting efforts.
- Affected pharmacies would likely remain open under new brands, and Morrisons said it will take particular care of affected colleagues through the coming changes.
- Context-first: Morrisons' move comes amid a wave of pharmacy closures and failures, following recent signs of strain in the sector, including the collapse of LloydsPharmacy's 138 sites in 2023.
- The forecourt disposal to Motor Fuel Group signals continued portfolio reshaping, following the £2.5 billion sale of 337 petrol forecourts in 2025, showing recent asset disposals.
41 Articles
41 Articles
Morrisons to offload dozens of in-store pharmacies
Morrisons has put some of its pharmacies up for sale as it seeks to make the supermarket financially sustainable. Although the exact number of in-store pharmacies being sold is unknown, the figure is reportedly in the dozens. The retailer will not sell all 120 of its pharmacies, according to reports. It comes after a financial review concluded that a number of the supermarket’s pharmacies would be better off trading as community pharmacies under…
Morrisons Offloading Pharmacies As Part Of Cost-Cutting Drive
Morrisons is reported to have put dozens of its in-store pharmacies up for sale as part of efforts to simplify its operations and cut costs in order to focus on restoring growth in its core grocery business. According to The (more…) The post Morrisons Offloading Pharmacies As Part Of Cost-Cutting Drive appeared first on KamCity.
Morrisons looks to offload in-store pharmacies as losses widen
Morrisons has reportedly placed dozens of its in-store pharmacies on the market as the supermarket chain seeks to reduce costs and manage heavy debts, according to The Telegraph. News of the sale follows an internal review by the retailer’s private equity owner, Clayton Dubilier and Rice (CD&R), which found several pharmaceutical units were no longer financially viable for the business. It is understood that property agents are handling the disp…
Coverage Details
Bias Distribution
- 94% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
