Parque Arauco plans to keep on growing strong. And given the
groundwork it has laid, the Chilean firm, which develops and
operates shopping malls, seems well-placed to do just that. The
company has a $900 million growth plan for the next few years
in Chile, Peru and Colombia.
Best managed Andean corporate
Parque Arauco goes from strength to strength, with excellent management in booming markets
"We want to combine a very aggressive and ambitious growth
strategy with a financially sound and conservative strategy,"
says Juan Antonio Álvarez, chief executive officer.
"The markets in these countries are growing fast, and are
still underpenetrated compared to developed markets," he says.
He points in particular to Peru, which the firm entered in
2006, and to Colombia, which it entered in 2008.
But Parque Arauco wins this award, not just for a strategy
that has placed it beyond its already developed home market and
into other fast growing markets. The...
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