Chemist Warehouse (or Chemist Warehouse Group) is an Australian company operating a chain of retail pharmacies. The company is Australia's largest pharmacy retailer and employs over 8,000 staff. The company brands itself as offering discounted prices for pharmaceutical goods. The company has been dubbed "the McDonald's of pharmacy" and uses a complex franchise structure to circumvent Australian regulations that limit how many pharmacies a company can operate in any one area. The company's structure allows it to "control" about 300 pharmacies across Australia, and it makes up about 20 percent of the market share. The business model used by Chemist Warehouse is thought to involve minimal equity investment by individual pharmacists who agree to the trading terms enforced across the group. Individual pharmacists working under the Chemist Warehouse umbrella benefit from the bulk purchasing power that comes with being part of the company. The company had an estimated revenue of $2.3 billion in 2013-14.The 2013 Inside Retail Magazine Top 50 Most Powerful Retailers list placed Sam Gance of Chemist Warehouse at number 16.
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