Early Life
Sam Gance began his career in the pharmacy industry. In 1972, he started his first pharmacy, marking the beginning of his entrepreneurial journey. Gance co-founded Chemist Warehouse with his brother Jack Gance and Mario Verrocchi.
Rise to Success
Gance's success is largely attributed to his pivotal role in the Chemist Warehouse pharmacy chain. The Chemist Warehouse chain was co-founded in 1995 with five pharmacies. Today it has annual revenue of A$3.3 billion and over 600 outlets across Australia, China, Dubai, Ireland and New Zealand. Over the years, Chemist Warehouse has grown to become a major player in the Australian retail market, dropping plans for an IPO opting for a merger with ASX-listed Sigma Healthcare, which was completed in February 2025.
Key Business Strategies
Key business strategies include a focus on high volumes and low margins. The merged entity is expected to have a market capitalization of about $30 billion.
Philanthropy
Information on Sam Gance's specific philanthropic activities is limited in the search results. However, as a prominent businessman, he is likely involved in various charitable endeavors.