Chemist Warehouse chief executive Mario Verrocchi says the retailer could become the next Walgreens or Boots and expand rapidly overseas after becoming an $8.8 billion ASX-listed pharmacy giant following its merger with Sigma Healthcare.
Mr Verrocchi, flagging a 100-year growth strategy, said it was a “life dream” to list the company, which has more than 600 stores in its network. Together with his billionaire co-founders, Jack Gance and Sam Gance, Mr Verrocchi will own almost 50 per cent of the combined company.
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Carrie 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
