Justo y Bueno chain gets $7 million injection

The chain of Justo y Bueno stores that operate under the business model of Hard Discounters or low prices, announced a reorganization of its operations in Panama after a group of foreign investors injected $7 million to give oxygen to the retail chain of Colombian origin that had undergone a restructuring process at its parent company.

In Panama, the businesses had registered a drop in their inventories and sales of products for much of 2021, which led many to think that the stores would stop operating. However, in a statement, the company Mercadería Justo y Bueno reported that they are moving towards a reactivation and reorganization plan after receiving resources from international investors in the first phase of the process, which has allowed them to reopen and supply many of the establishments.