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AUSTRALIA'S COLES MYER TESTS PHARMACY WATERS WITH US$34 MLN BUY.
Publication: AsiaPulse News Publication Date: 31-MAR-06 |
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COPYRIGHT 2006 Asia Pulse Pty Ltd
PERTH, March 31 Asia Pulse - Retailer Coles Myer Ltd (ASX:CML) has purchased retail pharmacy business Pharmacy Direct for A$48 million (US$34.4 million), testing the waters should the laws change to allow pharmacies within supermarkets.
The acquisition comes just days after the federal government proposed changes to the pharmacy regulation laws, which included extending a ban on pharmacies operating within...
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