Redcare Pharmacy sinks as Germany's dm drogerie markt reportedly plans online pharma debut
18/12/2024 09:03
** Shares in German online pharma retailer Redcare Pharmacy
RDC.DE slump 9% to 131.50 euros, stock at the bottom of German
midcap index .MDAXI
** A local trader points to a Handelsblatt report saying
Germany's largest drugstore chain, dm (Drogerie Markt), is
entering the online pharmacy market
** From 2025, dm plans to send over-the-counter drugs to
Germany from the Czech Republic, the German business daily
reported on Wednesday, citing market participants and dm
Marketing Director Sebastian Bayer
** RDC shares are set for their worst day in seven months
(Reporting by Linda Pasquini)
((linda.pasquini@thomsonreuters.com))