The arrival of Honduran chain Kielsa has raised fears over a market takeover and monopolistic practices.
"This is a Honduran chain entering the market using the hook of discounts and low prices, supposedly favoring large wholesalers, bankrupting small and medium business, and without any counterbalancing competition, they are the owners of the market," said the president of the United Pharmacy Association of Nicaragua (AFUN), Alberto Lacayo.
Businesses described profits as "robust" and declared total sales of $110 million in 2011.
The pharmacy business experienced significant growth in 2011, earning $110 million, an increase of 22% compared to the $90 million earned last year, said the president of the Nicaraguan United Pharmacy Association, (AFUN in Spanish), Alberto Lacayo.
Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand. The OHNE brand has 8 product lines: square bread, sweet...
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