Chemist Warehouse's 100-year plan to be the next Walgreens Chemist Warehouse CEO Mario Verrocchi says the retailer could become the next Walgreens or Boots and expand rapidly overseas after becoming an $8.8 billion ASX-listed pharmacy giant.
Dec 11, 2023
People also ask
How much did Chemist Warehouse sell for?
Summary. On 11 December 2023, Sigma and Chemist Warehouse entered into a merger implementation agreement under which Sigma would acquire all the shares in Chemist Warehouse in exchange for Sigma shares and a $700 million cash consideration.
Who is the owner of Chemist Warehouse?
Jack Gance (pictured) started the Chemist Warehouse pharmacy business with Mario Verrocchi in 1995 with five pharmacies. Today it has annual revenue of more than A$3 billion and over 600 outlets across Australia, New Zealand, China and Ireland.
What is the revenue of Chemist Warehouse?
Total sales across Chemist Warehouse rose 13.5 per cent to $4.56b, resulting in a revenue of $1.8b. With these results, Chemist Warehouse delivered an 18.3 per cent EBIT margin during the period, up from the 16.2 per cent a year ago. That's compared to Sigma's margin of 0.7 per cent in the 2024 financial year.
How does Chemist Warehouse make money?
Unlike traditional pharmacies, Chemist Warehouse generates most of its sales from non-prescription products such as vitamins, fragrances, cosmetics and baby formula.
2024 Australia's 50 Richest Net Worth · Jack Gance (pictured) started the Chemist Warehouse pharmacy business with Mario Verrocchi in 1995 with five pharmacies.
The company sold more than A$20 million worth of stock during the first seven hours of Alibaba's Singles' Day sale in November 2018. The company had an ...
Dec 11, 2023 · “It's worth pointing out that both Sigma and Chemist Warehouse are franchisors, we don't actually own pharmacies, which are owned by ...
Dec 11, 2023 · The proposed merger has Sigma acquiring Chemist Warehouse in exchange for a stake in the company and A$700 million in cash. Sigma is raising A ...
Dec 14, 2023 · Collectively, the three Melbourne-based founders will hold 49% of the merged companies, pushing their net wealth well into multi-billionaire ...
Dec 10, 2023 · The merger of Sigma Healthcare and Chemist Warehouse will see the creation of a company with a value in excess of $8.8 billion. It also makes ...
Jan 8, 2024 · Before the sale it was generating revenue of about $4.4 million and a gross profit margin of 35 per cent. Less than six months later it is ...
Mar 22, 2024 · Background: Chemist Warehouse, the pharmacy chain with over 500 stores ... worth $8.8 billion. What happened: Chemist Warehouse has ...
Dec 10, 2023 · Proposed merger with smaller competitor Sigma and stock market listing would unlock billions of dollars for founders of discount pharmacy ...