Winners and Losers in Drug Store Wars
Corporation Cefa-Fischel is gaining more and more of the market share in Costa Rica, with tactics that are being denounced as anti-competitive business practices.
Monday, July 2, 2012
An article by César Quirós Brenes in Elfinancierocr.com reports on up to what point Cefa-Fischel Corporation has reached in the drug retail sector in Costa Rica: "Of the 950 active pharmacies as of 15 June, 67 (7% of total) are Fischel stores. Just this year new 10 stores have been reported by the chain.
The Cuestamoras group has announced the purchase of a majority in the Cefa-Fischel corporation, which operates a chain of pharmacies present in Costa Rica and Nicaragua, in addition to laboratories and other drug distributors.
In Costa Rica, Compañía Farmacéutica S. A. (Cofasa) has filed a suit over monopolistic acts by the Corporation which owns the Fischel pharmacies .
In the last five years 63 new pharmacies and retail outlets began operating, reaching a turnover of $402 million in 2014, 70% more than in 2009.
Walmart and CEFA trigger increased competition among drugstore chains by seeking to gain market share.
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