Image via GN — ASX:SIG Sigma Healthcare
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Sigma Healthcare: Geographic Expansion
Sigma Healthcare signed MOU with Greenlight Healthcare to launch Chemist Warehouse brand in UK market, acquiring 75% interest in stores
Source: GN — ASX:SIG Sigma Healthcare
The leadership read
Market entry of this kind typically deepens demand for the sector leadership bench strength in the region over the following 12–18 months.
“International expansion is one of our four key strategic growth pillars.”
“International growth is one of Sigma's four key strategic growth pillars and the Company remains committed to driving growth in its core offshore markets, while assessing and seeding new markets. This includes the UK where Sigma recently announced a Memorandum of Understanding (MoU) with Greenlight Healthcare. Sigma engaged in the Boots sale process given the potentially unique opportunity it presented to accelerate its UK expansion through the market-leading Boots brand and large footprint. However, following its preliminary review the Company has concluded that such an acquisition would not currently meet its strategic and capital investment objectives.”
Market context: Against a Talent Market Index of 112.9 (Hot) (up 11.4 month-on-month), EMEA is at easing (-3.2pts) on signal share.
Sigma Healthcare: 2 signals in the last 90 days; 0.1% of MitchelLake's EMEA signal flow; 2 tracked across 24 days.
Market entry — the MitchelLake playbook
When a company expands into a new market, the first leadership hires decide whether it lands. A selection of market entries we've run:
Market entry · Oceania
Square
Executive Search Fintech
Market entry
Dropbox
Executive Search for SaaS
Market entry · Asia
Deliveroo
Executive Search in ASEAN
Market entry · Oceania
SurveyMonkey
Managing Director APAC (first hire in region) / Country Manager
Market entry · Asia
LivePerson
Director ASEAN (first hire in region); also Head of Presales APAC
Market entry · Oceania
Etsy
Managing Director, Australia + Asia (MD APAC)
MitchelLake in this thematic
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