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On May 17, 2007, Falabella agreed to merge with D & S to form the largest retail company in Chile, but a ruling of the Court of Defense of Free Competition on January 31, 2008, rejected the operation, giving as fundamental arguments that the merger would produce a huge change in the market structure, creating a company that would be the ...
Falabella S.A. is a Chilean multinational company.It is the largest retail company in Chile followed by Cencosud and one of the largest in Latin America. It operates its flagship Falabella department stores in addition to Mall Plaza shopping centers, Tottus hyper & supermarkets, Banco Falabella banks, and Sodimac home improvement centers.
On 1 August 2018, the company was acquired by the Chilean retail store Falabella for USD$138 million. [3] It was announced that Linio will be ceasing operations in Mexico for April 8, 2024 to focus on their collaboration with Soriana on their expansion of Sodimac and his target Falabella Soriana. [4] [5] [6]
There are 11 locations in Chile, 4 in Peru (under the Mall Aventura Plaza brand until 2016), and 3 in Colombia. [2] They are large regional shopping malls anchored by multiple department stores and hypermarkets. [1] This includes the parent company's Falabella department stores and Tottus hypermarkets. [1]
Ripley is headquartered in Santiago, Chile [1] and also has operations in Peru since 1997 and formerly operated in Colombia since 2014 to 2016. Ripley has 67 stores, with 38 in Chile and 29 in Peru. In the financial sector it operates a bank under the Banco Ripley brand and manages credit lines through its Tarjeta Ripley cards.
La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.. The company has 43 stores, being 38 in Chile and 5 in Colombia and offers various products, such as clothing, accessories, sporting goods, beauty products, gifts, infant products, electronics, furniture, furnishings, and household products.
Alkosto (cash & carry); Almacenes la 14; Almacenes Éxito owned by Groupe Casino . Almacenes Ley (rebranded of Almacenes Exito in 2012) Bodegas Surtimax (cash & carry, brand of Almacenes Exito)
Falabella – largest and oldest department store in Chile; La Polar; Ripley; Abcdin; Defunct: J. C. Penney – two stores in Santiago area (one in Alto Las Condes as a full-store, one in Parque Arauco as an only-furniture store); closed because of poor sales in 1999; converted to Almacenes París and Casa&Ideas stores.