/ 12 December 2023

A mega chemist is coming


Running a pharmacy is a complex enterprise – it’s one of the most regulated retail operations to wrangle. But gone are the days of the scene being dominated by small community setups – Chemist Warehouse is one of the mega pharmacy franchises with more than 500 stores across Oz. And yesterday, Sigma Healthcare – another Aussie pharmacy chain that supplies Amcal and Guardian outlets – announced its proposal to buy Chemist Warehouse Group in a deal that’s said to be worth $8.8 billion. The new company would be listed on the Australian Stock Exchange, but it first has to get past the Australian Consumer and Competition Commission. All going to plan, it will be a windfall for Chemist Warehouse founders – their stakes in the new pharmacy group are tipped to grow to $5 billion. That’s a lot of tinea cream…

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