CVS Buys Out Navarro Pharmacy….a South Florida staple

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Navarro Discount Pharmacies are a Miami staple. They’ve been in the area for more than 50 years since migrating over from Cuba in 1961 after Castro took control of their stores.

Navarro is the biggest Hispanic owned pharmacy in the United States and bring in sales of more than $340 million annually. So it makes total sense that CVS wanted to throw lots of money to Navarro and bring the company under its umbrella, just like they did with Eckerd a few years back.

“The Navarro brand is one of the most recognizable in the Hispanic marketplace,” CVS/pharmacy spokesman Mike DeAngelis said in an email Monday, the paper reports. “We expect to maintain their current product mix and will learn from our Navarro colleagues about Hispanic marketing and merchandising.”

Navarro Discount Pharmacy was started in Havana in 1940 and, in 1961, moved over to Little Havana after the Castro regime took their stores, the paper said.

On the bright side of things, as of right now, all 33 locations will still remain as Navarro branded stores but will surely take on a few changes in structure as the deal is finalized and in place.

Source: CBS4

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