Legacy of heirloom to carry on
I really enjoyed spending time with noted pharmacy doyen Richard Malouf this week as he showed me around his grand home for sale at 84 Markwell St, Hamilton.
Like all successful privately owned entrepreneurs, he is self made. And naturally he comes from an enterprising family.
“I enjoyed retail and I enjoy people and buying and selling, that’s why I studied pharmacy. My family came here from Lebanon, in the late 1890s and they moved to Charleville and they imported cars. I don’t know how they did it as they wouldn’t have spoken any English. But they brought everything into town that wasn’t readily available,” said the 76-year-old boss of the Newstead-based Malouf Pharmacy Group.
“My dad used to buy bikes and he’d sell them to shearers to ride out to the stations and buy them back at half price, fix them up and sell them again. They were very entrepreneurial, so I guess it’s in your blood. You learn it as a child sitting around the dinner table.”
Mr Malouf opened his first store in Albert St, Brisbane when he finished university.
“I have 20 pharmacies now and 15 cosmetic and fragrance stores from Adelaide to Cairns.
“There was competition between us and the Whites even though we are the best of friends but fierce competitors. They went ahead of me and opened big pharmacies.
“We never opened up in the big shopping centres, not the Westfields. But we are still in the high end makeup.
“Our philosophy is service like you have never been served before.
“It works even and even if I only serve 10 per cent of the customers its enough to keep us going. People can walk right past a Chemist Warehouse and into our store, because not everyone shops on price. We give advice, we have a lot of staff and a lot of stock.”
And congratulations to Tasha Hall, who has just sold her stunning home at 22 Sirius St, Coorparoo for $2.7 million.
The accountant has lived in this immense inner-city house for four years. It’s the perfect entertainer’s home for sure.
LJ Hooker New Farm principal Brett Greensill with agent Pauline Karatau are selling 84 Markwell St, Hamilton for Richard and Anne-Marie Malouf. This luxury home has been owned by the family for 35 years.