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Kronans Apotek

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Kronans Droghandel Apotek AB
Kronans Apotek
Company typeSubsidiary
IndustryPharmacy (shop)
Founded1907; 117 years ago (1907)
FounderGustaf Bernström
Headquarters
Stockholm
,
Sweden
Area served
Scandinavia
Key people
ServicesWholesaling, Retailing
RevenueDecrease 7 billion SEK (2016)
Number of employees
c. 2,600[2]
ParentOriola-KD
Websitewww.kronansapotek.se

Kronans Droghandel Apotek AB, doing business as Kronans Apotek, is a Swedish pharmacy company. The pharmacy chain is owned by the Finnish company Oriola Oyj-KD, which is listed on the Helsinki Stock Exchange.[3] Kronans Apotek has 326 pharmacies across Sweden, and over 65,000 customer visits per day.[4]

Kronans Apotek is Sweden's third largest pharmacy chain with more than 300 stores from Trelleborg in the south to Malmberget in the north.[5] As of April 8, 2013, Kronans Apotek AB operates as a subsidiary of Oriola Oyj.[6] Oriola is also a pharmaceutical wholesaler and also markets supplies.[7] Since 2013, the company operates pharmacy operations under the name of Kronans Apotek. Kronens Apotek has a turnover of around 7 billion SEK a year.[8] In Sweden, Laastari has begun to work with Kronans Droghandel Apotek.[9] A company named ICT has previously handled the customer service to Kronans Apotek, which, through its owner early in 2013, bought the chain Medstop with 69 pharmacies.[10]

After deregulation, Kronans Apotek expanded their supply chain to include retail stores.[11] This resulted in existing retailers expanding their supply chain upstream, as did Apoteket Hjärtat, who now have their own supplier, Apo-Pharma.[11] Through the agreement between Tamro AB and Kronans Apotek, a number of pharmaceutical companies undertake to distribute drugs on the Swedish market only through one of these companies.[12] Nowadays, the association has been handed over to the Crown's drug distribution in Gothenburg, purchasing and reselling the drugs at the price determined by the association.[13]

Corporate affairs

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Pharmaceuticals are delivered mainly to pharmacies from the wholesalers Tambro AB and Kronans Apotek, These two companies trade in pharmaceuticals, known as single-channel distribution.[14] Wholesalers in Sweden, two companies hold licenses to supply medical goods to pharmacies, Kronans Droghandel (KD) and Phoenix.[15] Both wholesalers hold a market share of approximately 50%.[16]

Sales

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In November 2017, total sales increased by more than 400% compared with the same period last year.[17] The number of visits also doubled in comparison with the previous year.[17]

History

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Early history (1700s-1959)

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Apoteket Strutsen in Gothenburg was run by the pharmacist Franz Martin Luth in the early 1700s. In 1907, Gustaf Bernström became the owner of Kronans Apotek, and he also had a decisive influence on the pharmacy Lejonet between 1908 and 1920,[18] when the sister who widowed Vitus Anderson formally stood as the owner of the pharmacy.[18] In 1959 a consortium owned by the company Kronans Droghandel was bought.

Growth (1960-2009)

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In 1964, sales in Kronans Apotek amounted to 31,3 million SEK, of which 28.0 million SEK were to pharmacies.[19] Following the initialization of the apothecary in 1971, Kronans Droghandel continued with the distribution of pharmaceuticals to state-controlled Apoteket, later Apoteket AB. When the drug supply investigation in 1969 submitted its report these were: Apotekernes Droghandel AB, Kronans Droghandel, Apoteksvarva Vitrum Apotekare, Astra Distribution and AB Pharmaceutical Distribution.[20]

2009-present

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The company was owned 80% by Oriola, and 20% by Kooperativa Förbundet KF. As of November 2012, Kronans Droghandel is owned 100% by Oriola-KD. In 2013, Oriola-KD acquired a Swedish pharmacy chain Medstop, Medstop and Kronans Droghandel were merged into a single pharmacy chain, Kronans Apotek.[21] The purchase meant that the market share was 21% and comprised 290 pharmacies.[22] It also meant that the addition of KD helped boost the company's distribution wing to represent some 72% of Orion's total revenue.[23] That company remained separate from Oriola.[23] In September 2017, Kronans Apotek was nominated for Svenska Designpriset along with at least 4 apps.[24] On January 1, 2018, Kronans Apotek will replace old plastic bags with new ones with 100% recycled plastic LDPE.[25]

In 2022, the Latvian company Euroapotheca and Oriola-kD created a 50/50 joint venture by merging the Swedish pharmacy chains Apoteksgruppen and Kronans Apotek.[26] The combined chain will carry the name Kronans Apotek.[27]

See also

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References

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  1. ^ "Han går från Ica till Apotek". Dagens Handel. Retrieved 2018-03-30.
  2. ^ "Kronans Apotek". www.kronansapotek.se (in Swedish). Retrieved 2018-03-28.
  3. ^ "Kronans Apotek". Dagens Medicin (in Swedish). Retrieved 2018-03-28.
  4. ^ "Idag tillträder Anders Torell som ny VD på Kronans Apotek". Mynewsdesk (in Swedish). Retrieved 2018-03-28.
  5. ^ "Kronans Apotek - Hökarängen i Centrum". Hökarängen i Centrum (in Swedish). Retrieved 2018-03-28.
  6. ^ "Kronans Droghandel Apotek AB: Private Company Information - Bloomberg". www.bloomberg.com. Retrieved 2018-03-29.
  7. ^ Nelson Information's Directory of Investment Research. Nelson Information. 2006.
  8. ^ "Öppettider till Kronans Apotek Centrum i Halmstad". Öppettider.nu (in Swedish). Retrieved 2018-03-29.
  9. ^ "isbn:3319264400 - Sök på Google" (in Swedish). Retrieved 2018-03-29.
  10. ^ "ICT - International Clinical Testing växer, anställer åtta". Mynewsdesk (in Swedish). Retrieved 2018-03-30.
  11. ^ a b "isbn:1119150930 - Sök på Google" (in Swedish). Retrieved 2018-03-29.
  12. ^ "isbn:9138226480 - Sök på Google" (in Swedish). Retrieved 2018-03-30.
  13. ^ Farmaceutiskt notisblad: Farmaseuttinen aikakauslehti (in Swedish). Farmaceutiska föreningen i Finland. 1914.
  14. ^ nikotinläkemedel, Sverige Utredningen om detaljhandel med (2006). Detaljhandel med nikotinläkemedel: delbetänkande (in Swedish). Norstedts Juridik AB. ISBN 9789138225257.
  15. ^ "isbn:3764385898 - Sök på Google" (in Swedish). Retrieved 2018-03-29.
  16. ^ "isbn:3764385898 - Sök på Google" (in Swedish). Retrieved 2018-03-31.
  17. ^ a b "Kronans Apotek ökade försäljningen med 400 procent". Dagens Handel. Retrieved 2018-03-30.
  18. ^ a b Svensk farmaceutisk tidskrift (in Swedish). Sveriges Apotekareförbunds. 1971.
  19. ^ Forskning, Handelshögskolan i Göteborg Institutet för Distributionsekonomisk och Administrativ (1966). Meddelande (in Swedish).
  20. ^ "isbn:9138085232 - Sök på Google" (in Swedish). Retrieved 2018-03-30.
  21. ^ "History - Oriola". www.oriola.com. Retrieved 2018-03-29.
  22. ^ "Oriola-KD har nu fullföljt köpet av Medstop - Kronans Apotek". 2013-12-15. Archived from the original on 2013-12-15. Retrieved 2018-03-29.
  23. ^ a b Grant, Tina (2005–2009). International Directory of Company Histories. St. James Press. ISBN 9781558625471.
  24. ^ "Kronans Apotek nominerade till Designpriset". Mynewsdesk (in Swedish). Retrieved 2018-03-29.
  25. ^ "Förbrukning av plastpåsar ned 38 procent på Kronans Apotek". Mynewsdesk (in Swedish). Retrieved 2018-03-29.
  26. ^ "Oriola and Euroapotheca have finalized the combining of Kronans Apotek and Apoteksgruppen into a new company". www.oriola.com. Retrieved 2023-08-06.
  27. ^ "Apoteksgruppen blir Kronans Apotek". Kronans Apotek (in Swedish). Retrieved 2024-06-27.
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