Allen Lloyd

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Allen Lloyd
Born
Allen John Lloyd

May 1949 (age 75)
OccupationBusinessman
Known forFounder, LloydsPharmacy
SpouseMarilyn Lloyd

Allen John Lloyd (born May 1949) is a British businessman, who was the founder of LloydsPharmacy, a British pharmacy company, with more than 1,600 pharmacies, and around 17,000 staff.

Personal life

Allen John Lloyd was born in May 1949,[1] the son of a newsagent from Coventry. As teenager, he took a Saturday job in a Coventry branch of Timothy Whites and studied pharmacy at Leicester Polytechnic.[2]

Career

He started as a pharmacist working for Boots the Chemist, but when he was told that he was "not management material", he decided to start his own business.[2]

Lloyds Chemist began in 1973 when Allen Lloyd purchased his first pharmacy in Polesworth, Warwickshire, England. In 1997, the German chain Celesio (previously called GEHE AG) bought Lloyds Chemists PLC, which at the time had 902 pharmacies, for £684 million against competition from rival Unichem.[2]

Lloyd made about £34 million, and his wife Marilyn made £13.5 million earlier in May 1996, when she sold her stake. His brother Peter also had a stake.[2][3]

Personal life

He is married to Marilyn Lloyd. In May 1996, she sold her entire holding of three 3 million shares at 450p per share.[3]

He was a Jaguar competition driver for 25 years, and gave a £5 million collection of 50 classic Jaguar cars for display at the Jaguar Heritage Trust.[2]

References

  1. ^ "Lloyds Chemists Limited". Companies House. Retrieved 7 October 2015.
  2. ^ a b c d e "From 'rags to riches', fashion in the family. - Free Online Library". Thefreelibrary.com. Retrieved 7 October 2015.
  3. ^ a b Nigel Cope (May 1996). "Wife sells Lloyd's Chemists stake | Business | News". The Independent. Archived from the original on 29 November 2015. Retrieved 7 October 2015.