Loblaw Companies has announced the sale of its 42 Wellwise by Shoppers stores to Verillium Health Care, a Toronto-based investment firm specializing in healthcare services. The strategic decision reflects Loblaw’s ongoing focus on its pharmacy business, including its extensive Shoppers Drug Mart network. The deal, announced Tuesday, will transfer the Wellwise brand to Verillium, which aims to expand its offerings in the active living and healthcare retail space.
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