THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Co-operative Pharmacy chain to be rebranded

The Co-operative Pharmacy is to be rebranded by its new owner Bestway Group.

GENERAL MERCHANDISE

Co-operative Pharmacy chain to be rebranded

After acquiring the pharmacy chain for £620 million last year, the group is planning to relaunch the business under the new name of Well.

Well chief executive John Nuttall said: “Community pharmacies can play a key role in easing the increasingly unsustainable pressures faced by frontline NHS services, beyond simply providing prescriptions.

“Bestway Group’s major investment will not only create new jobs, it will also enable the business to develop the role of the pharmacy team to provide personalised healthcare and deliver an excellent patient experience, improving health and reducing health inequalities in local communities in the process.”

Well is planning to increase the chain’s revenues to £1 billion by 2019, from the current £750 million. It will also invest £200 million in expanding the brand over the next five years and will spend £1.6 million on new headquarters in Manchester where 227 staff from the current Co-operative Group head office will be relocated.

Zameer Choudrey, chief executive of Bestway Group, said: “We are very pleased to announce and launch Well; and excited to begin rolling out the next chapter of this fantastic business’ story. We are confident in the new branding that has been created and have no doubt that it has a bright future ahead.

“Moreover, we have pledged to give Well strong support by committing to invest £200 million over the next five years to help develop and grow the business, and to make sure Well continues to serve its customers and local communities to the high standard the business has always delivered.”

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing