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Big Caring Group, Malaysia’s premier pharmacy retail chain, is gearing up for an initial public offering (IPO) as part of its strategic plan to strengthen its standing in the country’s burgeoning retail health sector. A Promising IPO Based in Kuala Lumpur and…
Japanese pharmaceutical retailer, Ain, has unveiled plans to acquire its competitor, Kraft, which operates the Sakura pharmacy chain. The proposed transaction is estimated to be worth over 100 billion yen (approximately US$690 million). Ain’s intention is to…
South Korea’s second-largest conglomerate SK Group said on Monday it is considering selling some of its assets in Southeast Asia and reinvesting in other businesses in countries in the region, including Vietnam. An SK Group spokesperson said in a statement…
Multinational private equity investor Carlyle Group is reportedly in talks with Caring Pharmacy to acquire a majority stake in the Malaysian drugstore chain. According to DealStreetAsia, the deal is projected to reach more than US$300 million in size. Earlier…
Long Chau Pharmacy tripled its revenues year-on-year in the first half-year to VND4 trillion ($171.38 million) and opened hundreds of new stores. It increased its contribution to FPT Retail’s revenues from 15 percent to nearly 30 percent in the period. At the…
Priceline Pharmacy has launched a unique health insurance brand and products in partnership with health fund nib. The launch of the health insurance products sees Priceline Pharmacy become the first pharmacy retailer to offer this to its customers. The cover…
7-Eleven Malaysia Holdings Bhd has teamed up with a listed company on the Jakarta Stock Exchange to set up a retail pharmacy chain in Indonesia. SEM, in a filing today, said its 75% owned Caring Pharmacy Retail Management Sdn Bhd has entered into a joint…
E-pharmacy startup Medigo has received a $1 million investment from venture capital firm Touchstone Partners. The med-tech company, which helps users order medicine from pharmacies in the comfort of their homes, plans to expand its offerings to telemedicine…
Amazon.com Inc said on Tuesday it was now offering six-month prescriptions starting at $6 for medications of common health issues through its pharmacy. The company said prime members would get additional savings when paying without insurance. Customers can…
Pharmacy Online Concierge Pharma has secured $4.5 million in an equity financing round to digitize pharmacies in Vietnam. Based in Vietnam and Hong Kong, the platform helps stakeholders such as pharmacies, drug manufacturers, distributors, wholesalers, and…
Amazon.com Inc is considering a nearly $100 million investment in India’s pharmacy chain Apollo Pharmacy, facing up to Reliance Industries Ltd and Tata Group in the country’s fast-growing drug market, the Economic Times reported on Wednesday, citing two…
Amazon.com Inc on Tuesday launched an online pharmacy for delivering prescription medications in the United States, increasing competition with drug retailers such as Walgreens, CVS and Walmart. Called Amazon Pharmacy, the new store lets customers…
China’s Laobaixing and Yixintang Pharmaceutical Group are in advanced talks to create the country’s biggest drugstore chain via a share swap, three people familiar with the matter said. Laobaixing’s founders, Xie Zilong and Chen Xiulan, are expected to have a…
Malaysian pet food and supplies retailer Pet Lovers Centre (PLC) has opened its first pharmacy for pets called Vet Pharmacy. Vet Pharmacy is also Malaysia’s first veterinary-exclusive pharmacy where owners can find pet supplements, shampoos, and seek basic…
Chinese firm Harbin Pharmaceutical Group is poised to take over and privatize US vitamin and retailer supplier GNC. The firm acquired a 40-per-cent shareholding in the company last year, initiating an e-commerce business in joint venture with GNC in China.…
Indian pharmacy retail chain MedPlus is preparing to launch in Mumbai. The firm, which already has around 1700 locations predominantly in South India, plans to open 100 stores annually in the new territory. A hundred of its current locations are run as…
