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Wellness booms and so does the share price of pharmaceutical retailers

Inside Retail

Wesfarmers acquired Priceline’s parent company API in 2022 when CEO Rob Scott saw an opportunity to enter the fast-growing $25 billion health, well-being and beauty sector. In FY23, the Ezz-branded products portfolio that includes its vitamin and dietary supplements drove underlying revenue growth of 299.8 per cent, contributing $32.5