Fybeca

completed

Corporación Grupo Fybeca (GPF) is a leading retailer of pharmacy and other related convenience store-type products in Ecuador. The company has a large distribution center (20,000 m2) in the outskirts of Quito (Provefarma), an institutional commercial company (Abefarm), and three retail chains: 1) Fybeca, a consumer goods, over the counter (OTC) and prescription pharmacy chain, with 93 Point of Sales (POS) in several cities of Ecuador, established in 1930; 2) SanaSana, a pharmacy chain with 461 owned and 45 franchised POS in the 24 provinces of Ecuador, established in 2000; and 3) OkiDoki, a convenience store chain with 38 POS in the main cities of Quito and Guayaquil, established in 2010. The size of SanaSana pharmacies ranges from 19 to 574 m2 with an average size of 92 m2, and the size of Fybeca pharmacies ranges from 47 to 1,145 m2 with an average size of 493 m2. The average size of OkiDoki convenience stores is about 100 m2. All OkiDoki and most SanaSana POS are located on the first floor of commercial buildings with direct access to the exterior; 33 SanaSana and 50 Fybeca POS are located inside shopping centers. All POS are leased spaces. The proposed project is a Corporate A Loan of up to US$ 30 million to GPF. The project, estimated for a total cost of US$50 million, will improve logistics and distribution by integrating various IT systems (Oracle and Schaffer) and distribution technologies throughout the company.