Say Goodbye To One Of Australia's Favourite Chemists
Two Australian pharmacy groups are set to join forces.
Terry White Group and Chemmart have announced a merger between the two companies that will lead to the formation of one of Australia's largest retail pharmacy networks.
Their combined retail turnover is expected to be $2 billion and there will be around 500 pharmacies in operation around the country.
A $2 billion retail group has emerged from a deal between Chemmart and Terry White - Business Insider Australia https://t.co/5y28WndbeM— Consumer Products (@ConsuProducts) 4 August 2016
CEO of EBOS Group Limited, parent company of Chemmart, Patrick Davies said, "This merger is about capitalising on those strengths and continuing to develop a competitive and sustainable offering for all pharmacy owners in the group while also significantly increasing our ability to meet the evolving needs of our customers.”
The franchise management company will be renamed to reflect the multiple brands that will now be in the group.
However the stores themselves will still be owned by individual pharmacists who are the franchisees.