Sale will see owners of Lloyds Pharmacy chain take over all 281 branches and comes the week after the supermarket group raised £550m through bond issues

Sainsbury’s has sold its 281-store pharmacy business to Celesio, the owner of the Lloyds Pharmacy chain, for £125m.

Under the deal, Lloyds will rent out and run Sainsbury’s 277 in-store pharmacies and take over four located in hospitals. Up to 2,500 Sainsbury’s pharmacy staff will transfer to Lloyds.

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Source: The Guardian Circular Economy RSS