Ultrafarma to Shut Jabaquara Stores, Move Retail to One 3,000 m² Concept Store in North São Paulo

Overview

• The company says it will concentrate physical sales in a single concept location featuring a traditional pharmacy, a compounding lab and an optical shop.
• Deliveries across Brazil will continue from Ultrafarma’s 15,000 m² distribution center in Santa Isabel, with express service planned for Greater São Paulo.
• Reports link the shift to financial pressure after the Operação Ícaro investigation disrupted advance ICMS credit negotiations and raised risk perceptions among suppliers and banks.
• Operação Ícaro alleged a billion‑reais corruption scheme involving ICMS credits, and founder Sidney Oliveira and Fast Shop director Mário Otávio Gomes were arrested in August 2025 and later released.
• Ultrafarma has not provided dates for closing the current outlets or opening the new store, has not detailed staffing impacts, and coverage conflicts on the exact number of units being shuttered.