Wesfarmers walks away from $400m Priceline franchisee rescue deal
More than 30 Priceline pharmacies across Australia could close as a rescue deal to bail out its largest franchisee has reportedly fallen through. Retail giant Wesfarmers has reportedly walked away from a rescue plan for Priceline’s largest franchisee – Infinity Pharmacy Group – which owes more than $400m. The Australian conglomerate that owns Bunnings and…

