NewsBite

Inside the Chemist Warehouse franchisee world

Inside the Chemist Warehouse franchisee world

There are over 200 managing partners who are shareholders in the discount chain. They are all ambitious pharmacy owners, many with multiple sites.

Carrie LaFrenzSenior reporter

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Almost thirty years ago, Mark Finocchiaro, then a pharmacology student, was struggling to find a job. He knocked on a dozen doors with no luck. The thirteenth, a pharmacy in Chadstone, gave him a chance.

To call that a lucky break would be an understatement. Then, in 1994, it was Gance Chemist. 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 agreeing to merge their pharmacy business – now known as Chemist Warehouse – with Sigma Healthcare to create an $8.8 billion giant.

Loading...

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Carrie LaFrenz
Carrie LaFrenzSenior reporterCarrie LaFrenz is a senior journalist covering retail/consumer goods. She previously covered healthcare/biotech. Carrie has won multiple awards for her journalism including financial journalist of the year from The National Press Club. Connect with Carrie on Twitter. Email Carrie at carrie.lafrenz@afr.com

Latest In Healthcare & fitness

Fetching latest articles

Original URL: https://www.afr.com/companies/healthcare-and-fitness/inside-the-chemist-warehouse-franchisee-world-20231212-p5equ1