BRAZIL: Raia Drogasil To Focus On Organic Expansion

Raia Drogasil, the largest drugstore chain in Brazil, has said it plans to grow largely via the organic expansion of its existing store network.

Talking to Reuters, CEO Marcilio Pousada said the chain has no plans of making any major acquisitions, despite an expected consolidation of the local drugstore market.  He noted: “Our aim is to consolidate in the market by opening stores.”

Raia Drogasil operated 1,330 stores in Brazil as of end-June 2016.