The one key lesson for family firms from Chemist Warehouse founders
Joanne TranMarkets reporter
Building a $30 billion retail disruptor over five decades with your brother leads to some vigorous debates, but Chemist Warehouse co-founders Sam and Jack Gance say the key is making sure every big decision is unanimous.
Throughout the pharmacy giant’s rapid growth – from its first store in Melbourne’s Reservoir to operating 600 stores nationwide – and with a listing on the Australian Securities Exchange around the corner, the brothers and their third co-founder Mario Verrocchi have stuck to the creed.
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Joanne Tran is a markets reporter for The Australian Financial Review in the Sydney newsroom. Connect with Joanne on Twitter. Email Joanne at jo.tran@afr.com
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