S.A.C.I. Falabella

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S.A.C.I. Falabella
Type Sociedad Anónima
Traded as BCS: FALABELLA
Industry Retail
Founded 1889[1]
Headquarters Santiago, Chile
Key people Reinaldo Solari Magnasco, (Chairman)
Juan Benavides Feliú, (CEO)
Products Malls
Supermarkets
Banking
Clothing
Pharmaceuticals.
Revenue Increase US$ 11.9 billion (2012)
Net income Increase US$ 861.4 million (2012)
Employees 80,000
Website www.falabella.com

Falabella is a chilean multinational company. It is the second largest retail company in Chile after 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. The company also operates in the financial pharmaceutical sectors and others.[2] The company have 259 stores and 27 Shopping malls. the stores is divided into 64 department stores branded as Falabella, 114 home appliances stores called Sodimac and 64 supermarkets branded as Tottus. In Peru the company owned the Saga Falabella, listed in Lima Stock Exchange.

History[edit]

The company is a leading Chilean retailer of apparel, accessories and household products distribution through department stores, specialty stores and malls; the company distributes food through hyper and supermarkets. In addition, the company manufactures textile fabrics and offers financial services (issuance of credit cards, insurance brokerage, bank and travel agency) through CMR (credit cards) and through Banco Falabella. The company primarily operates in markets outside of Chile such as Argentina, Peru and Colombia. It is headquartered in Santiago.

The president of the company is Reinaldo Solari Magnasco and the general manager is Juan Benavides Feliú.[3]

On September 25, 2013 Sandro Solari replaces Juan Benavides as the new CEO for Falabella. Source: http://www.elmostradormercados.cl/destacados/cambio-en-la-gerencia-general-corporativa-de-falabella-sale-juan-benavides-entra-sandro-solari/§

References[edit]

  1. ^ "Información Corporativa - Corporate Information". Falabella. Retrieved 20 February 2013. 
  2. ^ Retail Chile Falabella To Open 40 Stores Regionally In 2011 - Report, by Anthony Esposito, Dow Jones News, November 12, 2010
  3. ^ Reseña compañía, Chilean Stock Exchange