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Apr 25, 2016 @ 9:33

Generika to open 152 drugstores this year


GENERIKA Drugstore is targeting to open 152 new stores for 2016, less than a year after Ayala Corp. acquired half of the pharmaceutical chain known for selling affordable generic drugs.

Generika President and co-founder Teodoro L. Ferrer said the company is on track to meet its five-year plan to have at least 1,000 stores by the end of 2020.

“We’re now 600 stores. We should exceed 1,000 stores long before [the five years],” he said in an interview at the sidelines of the Asia SME Summit Forum at Marriott Hotel in Pasay City on Wednesday.

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