Falabella Enters Brazil

Falabella Enters Brazil

Brazil Chile M&A

Chilean retailer SACI Falabella has entered a new market in LatAm, through a Brazilian acquisition seen as small compared to its bottom line, but offering significant growth potential down the road. Falabella's Sodimac home improvement unit has agreed to buy a majority position in Brazil's Dicico for BRL388m ($190m), Falablella says. In the deal it will acquire 50.1% stake in Construdecor, which operates the Dicico chain of home improvement stores. Some BRL319m will come through the issuance of

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