Brazil Pharma includes Drugstores for sale Farmais in judicial recovery plan

The Board of Directors of Brazil Pharma manifested itself in favour of the revised recovery plan that contemplates the possibility of sale of drugstore network Farmais, informed the company in a statement on Monday night (17). The inclusion of the possibility of sale of Farmais was presented by creditors at a meeting held on the last day of September 6 and accepted by the Council in a meeting on Monday. In addition to the sale of the network Farmais, the revised recovery plan also provides a focus on maintenance of operation of retail pharmaceutical franchises, given your low need for working capital and reduced cost of expansion, to develop operations in the North and Northeast, through relief of Santana and Drugstore Pharmacies flags Big Benn, whose brands have big regional force, the company said. Lenders go back to gather the day 27 September to enjoy the revised recovery plan. With debts of more than $1 billion, Brazil R Pharma's in recuperaçã the Court since January. The group claims to have 288 stores scattered throughout the country, and more than 4,500 franchises 430 employees.