part ii background and evidence 61 3 the companies involved in proposed mergers bids for lloyds introduction 1 this chapter describes businesses financial positions of by unichem gehe chemists plc history development 2 was founded current chairman allen j lloyd who bought his first retail pharmacy polesworth warwickshire february 1973 business incorporated as a private company 1977 which time it owned four pharmacies continued to expand acquisitions opening new 1980 operating 19 at that opened its small administration office central warehouse close then largest atherstone principally through acquisition administrative distributive functions were relocated larger premises mancetter 1984 july 1986 drugstore november 100 five drugstores achieved full listing on london stock exchange expansion between