Falabella takes offers for card business in Argentina

Falabella takes offers for card business in Argentina

M&A Retail shopping Commerce Latin America South America Argentina Chile

Chilean retailer Falabella may seek to sell its CMR credit card business in Argentina after closing its three department stores in the country, with at least one local bank already having made an offer, a source with knowledge of the proceedings said Wednesday. "There are a lot of interested parties to buy the business," the source told LatinFinance on the condition of not being named. The challenge for the buyers will be to negotiate a reasonable price for the business over the next two or thre

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