Brazil’s Havan retail chain to open 10 more mega-stores in 2021

By 2022, the company wants to reach the mark of 200 mega-stores, taking its chain to all Brazilian states.

RIO DE JANEIRO, BRAZIL - Havan (HVAN3), in line for its IPO (initial public offering), intends to open 10 more mega-stores by the end of this year, thereby surpassing the mark of 170 branches spread across Brazil.

The new stores should be opened in the states of Alagoas, Maranhão, Paraíba, Paraná, Rio Grande do Sul, Santa Catarina and São Paulo.

According to Havan, the new mega-stores will generate up to 2,000 direct and thousands of indirect jobs. In addition to workers hired for the construction of units, each branch generates some 200 new jobs for . . .

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