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Chemist Warehouse franchisees’ selling breaches $400m

Chemist Warehouse founders hadn’t even rung the bell at Bridge Street, when its franchisees kicked off the much-anticipated sell orders!

Sigma Health Care CEO Vikesh Ramasunder and Chemist Warehouse founders Sam Gance, Jack Gance and Mario Verrocchi ring the bell at the ASX. Franchisees had sold nearly $400 million of stock by 11am. 

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Kanika Sood is a journalist based in Sydney who writes for the Street Talk column. Email Kanika at kanika.sood@afr.com.au
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com

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Original URL: https://www.afr.com/street-talk/chemist-warehouse-franchisees-kick-off-selling-175m-out-the-door-20250213-p5lbr3