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Finance

CVS Health to split pharmacy chain from health insurance

CVS Pharmacy will be separate from CVS Health, housing major insurer Aetna and benefits manager Caremark CVS Health, the largest US healthcare conglomerate valued at $117bn, has announced its plans split off its pharmacy chain from its health insurance and benefits businesses, ending an era in which healthcare companies grew into vast conglomerates. In their announcement on Wednesday, CVS Health said they will split off its 9,000 pharmacies, in-store clinics and mail order prescription business into a business named CVS Pharmacy. Continue reading...

The Guardian
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Finance

‘It’s just vape shops, nail shops, charity shops’: can anything save the British high street?

It’s 20 years since Jo and Richard Hill bought anything in Rotherham town centre. Why have they and so many locals abandoned it for the nearest retail park – and what would it take to change their minds? On 22 May 1987, retail history was made in Rotherham. Parkgate Retail World, thought at the time to be the UK’s largest open-air shopping centre, welcomed shoppers for some one-stop retail therapy. The official opening was marked in swanky fashion with a “breathtaking” display from Marlboro’s red-and-white branded biplanes, followed by a “spectacular” laser show, the first in South Yorkshire.

The Guardian
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