Chemist Warehouse seals its $30b moment at a low-key suburban pub
The Olympic Hotel might seem a strange place to crown a multibillion-dollar merger. But at its heart, this is a working-class migrant success story born far from the top end of town.
It’s been a big week for the suburb of Preston in Melbourne’s gritty inner north.
On Tuesday morning, the shooting of a low-level, heavily tattooed gangster in a motel carpark sparked the sort of wall-to-wall coverage Melbourne revels in. On Wednesday evening, the suburb played host to the biggest deal the ASX has seen in years – and the coronation of three kings of retail.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
