Australia’s competition regulator has raised a raft of red flags over Sigma Healthcare’s proposed $8.8 billion tie-up with Chemist Warehouse that is set to catapult the private retailer onto the Australian Securities Exchange. Its biggest fear is that the mega-merger would raise barriers to rivals expanding their footprint or entering the pharmacy market which may lessen competition.
Sigma already provides brand and support services to community pharmacies operating as franchisees under Sigma banners such as Amcal +, Discount Drug Stores, PharmaSave and Guardian. Chemist Warehouse is a franchisor of pharmacies and retail stores under the brands Chemist Warehouse, MyChemist, Ultra Beauty, My Beauty Spot, and Optometrist Warehouse. It is also a wholesaler and distributor, and provides brand and support services to its franchisee pharmacies.
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