The largest Priceline franchisee, Infinity Pharmacy Group, has had half of its stores put into receivership by Wesfarmers following years of financial difficulty.
Infinity Pharmacy Group operates 120 sites nationwide, which are mostly Priceline-branded stores. Priceline’s parent, Wesfarmers, placed the 54 stores into receivership on Wednesday, but declined to state how much it was owed. This caused conflict with another creditor, listed company Paragon Care.
Loading…
