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Jack Gance opened his first pharmacy store in 1972, promptly developing a distribution business through pharmacy. He created the Le Specs, Le Tan, Australis and Colours of Australia brands of sunglasses, suntan lotion, fragrances and cosmetics. Through his operation, Jack created the largest pharmacy distributor business in Australia. He sold that business in 1991, and after completing an MBA at Monash and NYU Stern School of Business, he returned to pharmacy to revolutionise the industry.
By 1993, Jack was running 35 stores through the My Chemist Pharmacy chain. This had phenomenal growth over the years, with 50 stores by the year 2000. It was then that Jack decided to radically change the face of pharmacy. Chemist Warehouse was created, becoming a major industry disruptor of the industry. Chemist Warehouse took the industry by storm, allowing Jack, his partners and team create a multibillion-dollar chain, commanding over 50% market share front of store and around 20% of all prescriptions.
Today, Chemist Warehouse dominates the pharmacy markets in many countries and is continuing to expand by growing markets and growing market share. Chemist Warehouse is looking to IPO in the next few years so that the families can continue to own and benefit from the huge pharmacy business that Jack, his partners and team have created.