February 20, 2017 11:31 PM ET

Food and Staples Retailing

Company Overview of Terry White Group Limited

Company Overview

Terry White Group Limited provides franchise services to the Terry White Chemist (TWC) and Chemplus pharmacy networks in Australia. As of June 30, 2016, it operated 225 stores under the Terry White Chemists name. The company is also involved in the wholesale of products through its importing program and product retailing to the TWC and Chemplus pharmacy networks. In addition, it engages in the financing business. The company was formerly known as TWC Group Investments Limited. Terry White Group Limited is based in Brisbane, Australia.

50 Park Road

Ground Floor

Brisbane, QLD 4064


Key Executives for Terry White Group Limited

Chief Executive Officer
Chief Financial Officer
General Counsel and Company Secretary
Chief of Merchandise and Marketing Officer
Compensation as of Fiscal Year 2016.

Terry White Group Limited Key Developments

Terry White Group Mulls Listing

Terry White Group Limited is considering a public listing in the next "couple of years" after it unveiled a 64% increase in net profit for the financial year. Chief Executive Officer, Anthony White, said that the group was focused on integrating the new business and had not ruled out further acquisitions to hit its growth target of 750 stores by 2021. White added, "We've got 500 pharmacies and 13.5% market share and we'd like to see that going up to 20% of the market in five years' time. We want to get the business to a size that will attract a good following from analysts, which is essential if you're going to get investors in the business."

Terry White Might Look For Acquisitions

Terry White Group Limited is looking for acquisitions. Chief Executive Officer, Anthony White said that the company is now focused on integrating the new business and hasn't ruled out further acquisitions to hit their growth target of 750 stores by 2021. He said, “It's a good result and a good base to go forward with. We're not in any conversations with anyone at the moment but we are developing plans to bring forward more acquisitions.”

Terry White Group Mulls Acquisitions

Terry White Group Limited is seeking acquisitions. Terry White Group is looking for acquisitions to boost store numbers. Anthony White, Chief Executive of Terry White Group, is eyeing other like-minded pharmacy franchises with a view to lifting the number of stores in his network to at least 400 from the present 225 in the next few years. "We are looking to build our network to 400 to 500 stores in the next three to five years, you need that sort of scale to compete.” We do see a role for ourselves acquiring other franchise businesses because we've invested so much in the core retail capabilities over the last five years. Anthony White says the group could fund more substantial acquisitions with debt finance.

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