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.
Mar 8, 2024
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Who are the owners 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.
Are Chemist Warehouse a franchise?
Chemist Warehouse uses a complex franchise structure to circumvent Australian regulations that limit how many pharmacies a company can operate in any one area. The company's structure allows it to "control" about 400 pharmacies across Australia, and it makes up about 50 percent of the market share.
Who bought out Chemist Warehouse?
In the retail sector, it's big news. Chemist Warehouse is merging with Sigma Healthcare. Most Australians will be well acquainted with the Chemist Warehouse chain, whose garish franchise pharmacies adorn prime positions on many high streets and in shopping centres.
Who owns Chemist Warehouse ASX?
The board of directors post merger. Sigma would buy all of the shares in Chemist Warehouse, with Mr Verrocchi, Mr Gance and his brother, Sam Gance, together holding 49% of the larger group. They will all hold their shares in escrow, stopping those shares from being traded until later in 2026.
Chemist Warehouse Group is an Australian company operating a chain of retail pharmacies both locally and internationally. The company is one of Australia's ...
Dec 15, 2023 · The co-owner was Sam Gance, one of two brothers who this week struck one of the biggest retailing deals in Australian corporate history after ...
Dec 12, 2023 · Although the ownership structure of the two companies might change, it doesn't mean it's the end of the road for the physical Chemist Warehouse ...
Dec 10, 2023 · Sigma has ownership stakes in specific brands sold at its stores, including Beauty Theory (which sells items like bobby pins and hair brushes) ...
Dec 11, 2023 · Ownership structure and commercial ... All Chemist Warehouse and My Chemist pharmacies are franchised in Australia. ... Mario is a qualified ...
May 12, 2024 · Shareholder structure and free float. Mario Verrocchi, Jack Gance and Sam Gance will own 49% of the merged company on completion. They will ...
Jack Gance (pictured) started the Chemist Warehouse pharmacy business with Mario Verrocchi in 1995 with five pharmacies. Today it has annual revenue of more ...
Jan 7, 2016 · The ownership structure of the Chemist Warehouse is not clear. But according to analysis by accountants KordaMentha, "it would appear two ...
Chemist Warehouse founder Jack Gance is Australian retailing royalty, with a personal wealth of $319M. Listen in as he reveals how he's built the empire.