Putting aside the strength of arguments from the merger parties and the regulator, the facts are that an ACCC amber light more often turns to red than to green.
You could almost hear the squeals of delight from the thousands of independently owned pharmacies on Thursday as the competition regulator delivered an amber light to theBut investors hungry for a new healthcare group to be born from the union will be sorely disappointed. This $8.
It’s tricky for the competition regulator, as it well understands that the rise of the corporate pharmacy and the scale and efficiency that this has created has brought discounts for consumers, many of whom are avid fans of these big-ish box retailers. Putting aside the strength of the arguments from the parties and the regulator, the facts are that an ACCC amber light more often turns to red than to green.
The particular issues on the ACCC’s laundry list include that the deal may disadvantage the pharmacies that Sigma currently supplies and thereby reduce competition in pharmacy retailing. For its part, Sigma acknowledged on Thursday that competition approval was never going to be a walk in the park, but said it would press on.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Chemist Warehouse to lose discounted price of prescription medicine after Albanese government caves to pharmacy pressure7NEWS brings you the latest local news from Australia and around the world. Stay up to date with all of the breaking sport, politics, entertainment, finance, weather and business headlines. Today's news, live updates & all the latest breaking stories from 7NEWS.
Read more »
Popular beauty product sold in Woolworths, Chemist Warehouse, recalled over battery fearsThe lip gloss has a built-in light in the lid to help with application.
Read more »
Sigma share price: Why Chemist Warehouse deal could create a governance FrankensteinThe unique family business has a staggering level of related party transactions. How that will work in an ASX-listed company remains unclear.
Read more »
Chemist Warehouse family’s proposed coastal compound draws ire of localsThe billionaire co-founder of the ubiquitous pharmacy chain is facing a battle over plans to build a luxury 16-bed complex with a pool, cinema and tennis court.
Read more »
Chemist Warehouse family’s proposed coastal compound draws ire of localsThe billionaire co-founder of the ubiquitous pharmacy chain is facing a battle over plans to build a luxury 16-bed complex with a pool, cinema and tennis court.
Read more »
Chemist Warehouse family’s proposed coastal compound draws ire of localsThe billionaire co-founder of the ubiquitous pharmacy chain is facing a battle over plans to build a luxury 16-bed complex with a pool, cinema and tennis court.
Read more »