Chemist + Druggist is part of Informa PLC


This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC’s registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.


This copy is for your personal, non-commercial use. Please do not redistribute without permission.

Printed By

UsernamePublicRestriction

Watchdog 'unlikely' to accept Lloyds counter-proposals

Competition expert Vivienne Robinson gives her verdict on Lloyds' attempt to prevent the sale of branches in Sainsbury's deal

EXCLUSIVE

The government's competition watchdog is "unlikely" to accept Lloydspharmacy's counter-proposals for its planned buyout of Sainsbury's pharmacy business, a lawyer has suggested.

In a list of alternative proposals submitted to the Competition and Markets Authority (CMA), Lloydspharmacy argued that the watchdog's recommendation that it should sell branches in 13 areas across England and Wales was “disproportionate”. 

Instead, the multiple suggested that it should be allowed to keep its branches in exchange for agreeing not to change their opening hours for the next three years.

Competition law expert Vivienne Robinson told C+D she thinks it is “unlikely” the CMA will accept this proposal, because "it does not like behavioural remedies" and three years is "not very long". 

Remove non-pharmacy business

Lloydspharmacy also suggested that it should be allowed to transfer out the non-pharmacy business of any pharmacies it is forced to sell.

Ms Robinson said the CMA could “go either way” on this proposal. But she predicted the watchdog would specify that the whole business should be transferred over to Lloyds, because the "non-pharmacy part helps to support the viability of the pharmacy part".

The CMA revealed on Wednesday (May 25) that it has extended the deadline for it to decide on the deal by eight weeks – until August 8.

You can see a map of all the areas where Lloyds may have to sell branches here

 


What do you think of Lloyds' counter-proposals?

We want to hear your views, but please express them in the spirit of a constructive, professional debate. For more information about what this means, please click here to see our community principles and information

Related Content

Topics



Superintendent Pharmacist
Ayrshire
Salary: From £60,000.00 per year

Apply Now
UsernamePublicRestriction

Register

CD008149

Ask The Analyst

Please Note: You can also Click below Link for Ask the Analyst
Ask The Analyst

Thank you for submitting your question. We will respond to you within 2 business days. my@email.address.

All fields are required.

Please make sure all fields are completed.

Please make sure you have filled out all fields

Please make sure you have filled out all fields

Please enter a valid e-mail address

Please enter a valid Phone Number

Ask your question to our analysts

Cancel