Chanticleer

Clause that could bite $30b Chemist Warehouse dream

The scale of insider family deals at Chemist Warehouse meant these transactions had to be handled carefully as it merged with Sigma. Have the firms got the balance right?

Dec 15, 2024 – 8.00pm

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Chemist Warehouse co-founders Jack and Sam Gance and Mario Verrocchi admit there are plenty of people who’ve told them that they might not like the transition from being a very private company to a public one through their $30 billion merger with Sigma Healthcare.

But speaking ahead of being crowned The Australian Financial Review’s Business Person of the Year a few weeks ago, Jack emphasised that the founders are ready for the jump, and the new layers of governance that will entail.

James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine.