1. Channel: Grocery

Southeastern Grocers Sells Rx Assets To CVS, Walgreens

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The Tampa Bay Times reports that as a result of the sale of its retail banners – Winn-Dixie and Harveys – to Aldi, Southeastern Grocers (SEG) is selling its pharmacy business to CVS and Walgreen.

According to the story, “Southeastern Grocers told its pharmacists that it will sell all of its Winn-Dixie and Harveys pharmacy assets to both CVS and Walgreens by the end of the year … The pharmacies will ‘confidentially’ transfer prescriptions and client files by the end of the year and customers will get advance notice.”

In addition to selling Winn-Dixie and Harveys to Aldi, SEG is selling its  Fresco y Más banner to an investment company.

KC’s View:

Aldi may be willing to operate a retail banner different from its traditional business, but operating pharmacies clearly was a bridge too far.

The post Southeastern Grocers Sells Rx Assets To CVS, Walgreens appeared first on MNB.

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