Australian retail giant Sigma Healthcare (ASX:SIG) announced its foray into the United Kingdom, securing a majority stake in the London-based Greenlight Healthcare chain.<\/p>\n
The strategic acquisition marks a milestone for the Chemist Warehouse brand, which is set to debut in the British market following a 75% buy-in of the 22-store network.<\/p>\n
Under the new agreement, Greenlight Healthcare\u2014formerly a purely employee-owned entity\u2014will license the iconic Chemist Warehouse branding while maintaining responsibility for dispensary services and back-office operations.<\/p>\n
Sigma CEO Vikesh Ramsunder, who is slated to detail the expansion at the Macquarie Australia conference on May 5, emphasised that international growth remains a pillar of the company\u2019s long-term strategy.<\/p>\n
Ramsunder previously suggested that the brand’s global footprint could eventually surpass its domestic presence.<\/p>\n
The move comes as Sigma reports robust performance across its existing international territories, including New Zealand, Ireland, and Dubai, where sales have surged by nearly 25%.<\/p>\n
Domestically, the group has seen a 16.7% rise in sales, bolstered significantly by the soaring demand for GLP-1 medications such as Ozempic.<\/p>\n
While Greenlight reported a pre-tax loss of \u00a31.1 million in its latest accounts, Sigma intends to revitalise the network, starting with the rebranding of five initial pilot stores.<\/p>\n","protected":false},"excerpt":{"rendered":"Australian retail giant Sigma Healthcare (ASX:SIG) announced its foray into the United Kingdom, securing a majority stake in…\n","protected":false},"author":2,"featured_media":566493,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[194055,59,57,58,194056,50,194054,56,54,55],"class_list":["post-566492","post","type-post","status-publish","format-standard","has-post-thumbnail","category-united-kingdom","tag-chemist-warehouse","tag-gb","tag-great-britain","tag-greatbritain","tag-greenlight-healthcare","tag-news","tag-sigma-healthcare","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/566492","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=566492"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/566492\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/566493"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=566492"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=566492"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=566492"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}