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Falabella to close stores in Argentina

Falabella to close stores in Argentina

April 8, 2021 | Charles Newbery
Chilean retailer calls off hunt for a buyer and will stick with e-commerce and maybe its home improvement chain

Corporate & Sovereign Strategy M&A Retail shopping Commerce Andean Latin America South America Argentina Chile

Chile's Falabella has called off plans to sell its three department stores in Argentina, leaving it with its e-commerce business and possibly its Sodimac chain of home improvement centers in the country, a person close to the process said on Wednesday. "For now they have interrupted the process and will close Falabella," the source told LatinFinance on the condition of not being named. "They will then see if they sell Sodimac or not." On Tuesday, Falabella issued a statement to the Argentine pre

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