Farmacias Benavides S.A. de C.V. is a Mexican drugstore chain.
It was founded in 1917 in Monterrey, Mexico, and is owned by Sycamore Partners through The Boots Group. Farmacias Benavides has since returned to financial health, and is now opening new locations throughout the region.
It began operations as Botica del Carmen in Monterrey, and opened its first drugstores in 1940 in this same city. It grew over the next 60 years to have over 1300 drugstores throughout northern and western Mexico.