A Chain of Low Cost Pharmacies Closed All Its Premises in Argentina After 20 Years of Operation in the Country
7 Articles
7 Articles
Branches offering medicines without social work failed to deal with economic problems and labour debts, according to industry sources
After two decades of operations in the country, the drugstore chain Dr. Savor concluded the closure of all its Argentine branches, in the midst of a preventive contest and the frustrated search of a buyer for its local business.According to the specialized portal Pharmabiz, the firm has already closed a dozen premises, including emblematic points of the city of Buenos Aires such as Corrientes y Larrea, Constitución, Puente Saavedra and Villa Dev…
The branches that offer medicines without social works stopped caring for economic problems and labor debts, according to sources of the sector.
Some 240 employees met this morning with the closed doors of all the branches of the Dr. Savings Pharmacies and the central house. The company, in the course of the proceedings, admitted that it will only pay "a percentage" of the salary and attributed the situation to the frustration of a full sale. It announced that it processes separate sales from three branches to complete the salaries. A new labor crisis shook this morning the retail pharma…
He Closed a Historic Chain of Pharmacies in Argentina After 20 Years: What Happened to His 33 Stores
The Mexican chain specializing in low cost medicines closes its 33 branches in the country after entering the preventive contest and not finding buyers for its local operation.
The pharmacy chain Dr. Savings closed all its branches in Argentina and discontinued its local operation, after more than 20 years in the market.The company, which had arrived in the country in 2002 with a model based on generic drugs and low prices, lowered the blinds of the premises that still kept active.The closure marks the outcome of a crisis that accelerated in recent months.The company had already reduced its structure, had advanced with…
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