NEW Zealand listed pharmacy group Green Cross Health says it's not concerned about plans by Chemist Warehouse to launch across the Tasman (PD 18 Jul).
Speaking at the company's agm yesterday, ceo Grant Bai said he believed a discount model would be harder to operate in NZ due to "logistical challenges and already tight margins" but added that "a changing competitor set is a beauty of the retail sector".
The company won't change its model to compete, but is shoring up its proposition by boosting equity stakes in medical centres.
Green Cross operates a total of 354 pharmacies in NZ under the Unichem and Life Pharmacy brands.
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