Key Summary
- Chemist Warehouse to partner with Greenlight Healthcare.
- To pick up stake in some of the Greenlight’s outlets.
- Chemist Warehouse already has a presence in China, Dubai, Ireland and New Zealand.
Australian pharmacy major Chemist Warehouse is entering the UK market by acquiring stake in some branches of Greenlight Healthcare Limited, Forbes reports.
Its parent company, Sigma has agreed to a pick up 75 percent share in some of Greenlight's 22 pharmacies around London, with Hoxton Street store being a standout location.
Under the partnership, Sigma will supply the Chemist Warehouse brand, intellectual property, and retail expertise, while Greenlight will handle dispensing, professional services, and administrative operations.
Sigma CEO and Managing Director Vikesh Ramsunder said international expansion is one of our four key strategic growth pillars for the company.
Chemist Warehouse already has a presence in China, Dubai, Ireland and New Zealand.
It is Australia’s largest drugstore chain with 553 stores across 412 cities.
