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Wesfarmers bid to pick up Priceline owner API in health play succeeds

Inside Retail

API had been locked in a tug of war between Wesfarmers and fellow pharmaceuticals firm Sigma, which made a bid at keeping Wesfarmers out of the health space , but ultimately stepped out of the contest over the weekend after the retail business upped its ownership of API to 19 per cent and said it would vote against Sigma’s deal.

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Wellness booms and so does the share price of pharmaceutical retailers

Inside Retail

Wellness has become a priority for people in the wake of the pandemic as evidenced by the surge in demand for health and well-being products, which is projected to reach $5.2 trillion in managed assets. billion by 2030. Chemist Warehouse recently opened its first Irish superstore earlier this month.

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From Saks to start-up: How this brand founder aims to change women’s health

Inside Retail

Those experiences ultimately her to launch Elix Healing, the first menstrual wellness brand to combine Chinese medicine and clinical research for personalised herbal treatments for women’s hormonal health. I was deeply frustrated by the lack of options to naturally heal our hormonal health.

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Wesfarmers makes $687 million bid at picking up Priceline

Inside Retail

Wesfarmers managing director Rob Scott said the acquisition would also enable the conglomerate to enter the “growing health, wellbeing and beauty sector”. The acquisition would see Wesfarmers take control of Priceline Pharmacy, Clear Skincare, Pharmacist Advice, Soul Pattinson Chemist and Club Premium.

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API rejects “opportunistic” $687m Wesfarmers bid

Inside Retail

The board said the bid’s timing was “opportunistic”, given the impact Covid-19 has had on its retail division, and that it is well placed to bounce back from any short-term struggles with substantial growth expected in the medium-term due to its place within the health, wellness and beauty sectors. “[We]

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Wake up to wellbeing: The continual rise of the health category

Inside Retail

Consumers’ expectations for the health benefits and sustainability of the products that make up their meals and snacks have never been higher. Health has been a dominant trend in food and beverages in recent years and this trend will continue to evolve in 2022, with consumers setting the bar even higher.

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The Body Shop Australia facing ‘cashflow crisis’

Inside Retail

The newspaper said it understands “the future of the chain is hanging in the balance as it struggles to cover large debts”. Some 20 stores in New Zealand are also affected, managed by the Australian business. Other bidders have expressed an interest in acquiring the famous ethical beauty brand.

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