The previously privately-held Chemist Warehouse is expected to list on the Australian Stock Exchange, after a deal between Chemist Warehouse and pharmacy giant Sigma Health.
Founded in 2000, Chemist Warehouse is one of Australia’s most recognisable retail brands with more than 500 stores. It recently branched into optometry, with the introduction of Optometrist Warehouse in Melbourne and Sydney, with a game plan to disrupt the optical industry nationwide.
Chemist Warehouse will reportedly take majority control of Sigma which, along with owning the Amcal brand, has a large pharmaceutical distribution business.
Shares in Sigma Pharmaceuticals have been suspended, following rumours of the transaction. An announcement is expected today or Monday.
Since being founded in Melbourne in 2000 by Jack Gance and Mario Verrocchi, Chemist Warehouse has grown into one of Australia’s most recognisable retail brands and is valued at more than $5 billion. The families also retain large property holdings that include several large Chemist Warehouse stores.
Chemist Warehouse will reportedly take majority control of Sigma which, along with owning the Amcal brand, has a large pharmaceutical distribution business.
