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Lloyds Pharmacy closes 190 stores, blaming government

Reduced funding, higher business rates and the apprenticeship levy created ‘challenging market conditions’

Lloyds Pharmacy has announced it will close nearly 200 stores across England because of changes in government policy, with its parent company also blaming funding cuts and the apprenticeship levy.

In an internal letter to staff Cormac Tobin, managing director at Lloyds Pharmacy’s owner, Celesio UK, said around 190 pharmacies will cease to trade through a combination of closures and disinvestments.

Related: Alarm sounds over state of UK high street as sales crash

Continue reading... October 27, 2017 at 02:08AM

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