January 13, 2022 |
Chilean retailer Falabella said late Tuesday that it plans to invest $711 million in the next two years to expand in Latin America after reducing its near-term debt maturities with a bond buyback in October.
The Santiago-based company will invest 60% of the money to increase online sales and grow in Colombia and Peru, it said in a press release. It will put the other 40% into opening more stores over the next two years with a focus on IKEA furniture stores in Chile and Colombia, Sodimac home imp
Chilean retailer earmarks $711 mln to build its e-commerce business in the Andes and open stores in other markets