Will Chemist Warehouse be listed on ASX?


Chemist Warehouse
Image by Francisco Anzola https://www.flickr.com/photos/fran001/

The discount pharmacy chain has been reportedly meeting with fund managers and investment bankers in recent months

With Chemist Warehouse reportedly spending increasing face-to-face time meeting with fund managers and investment bankers, reporters from the Australian Financial Review Street Talk column suggest this may point to “a potential run at the ASX-boards”.

“While the company itself refuses to rule anything in or out – telling Street Talk ‘we are always out and about and talking about the business’ – Chemist Warehouse appears to have had a change of heart on the public engagement front,” reports AFR.

They point to Chemist Warehouse’s expansion to New Zealand, and co-founder and group commercial manager Damien Gance telling suppliers earlier this month that Chemist Warehouse pharmacies make more retail sales per square metre than Woolworths.

“Street Talk can also reveal that Chemist Warehouse has formally put to tender its major wholesale supply contract, which is currently held by Sigma Healthcare.”

Read more at the AFR here.

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