La Polar

Last updated

Empresas La Polar S.A.
Company type Sociedad Anónima
BCS:LA POLAR
Industry Department store
Founded1920
Headquarters Santiago, Chile
Key people
Jorge Andres Ibañez, (Chairman)
Products Clothing, Accessories, Electronics, Furniture
RevenueDecrease2.svg US$ 795.9 million (2012)
Increase2.svg US$ 390.8 million (2012)
Number of employees
6,000
Website www.lapolar.cl

La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.

Contents

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. It also provides a range of services comprising the credit cards, general and life insurance, and extended warranty durable products.

On 17 June 2011 Chile's Superintendencia de Valores y Seguros (securities regulator) indefinitely suspended trading in Empresas La Polar SA pending an investigation after La Polar announced it would have to provision an additional $430 million due to irregularities in its store-credit department. [1]

Related Research Articles

<i>El Comercio</i> (Peru) Daily newspaper from Peru

El Comercio is a Peruvian newspaper based in Lima. Founded in 1839, it is the oldest newspaper in Peru and one of the oldest Spanish-language papers in the world. It has a daily circulation of more than 120,000. It is considered a newspaper of record and one of the most influential media in Peru.

<span class="mw-page-title-main">El Corte Inglés</span> Spanish department store group

El Corte Inglés S.A., headquartered in Madrid, is the biggest department store group in Europe and ranks third worldwide. Its primary source of sales is from department stores, followed by internet sales. It is a family business, with most stock held by relatives of the deceased businessmen Ramon Areces Rodriguez and César Rodríguez González (1882–1966), and the Ramon Areces foundation.

<span class="mw-page-title-main">Mercado Libre</span> Argentine e-commerce company

MercadoLibre, Inc. is an Argentine company headquartered in Montevideo, Uruguay and incorporated in Delaware in the United States that operates online marketplaces dedicated to e-commerce and online auctions. As of 2016, Mercado Libre had 174.2 million users in Latin America, making it the region's most popular e-commerce site by number of visitors.

<span class="mw-page-title-main">Sebastián Piñera</span> President of Chile (2010–2014; 2018–2022)

Miguel Juan Sebastián Piñera Echenique was a Chilean businessman and politician who served as president of Chile from 2010 to 2014 and again from 2018 to 2022. The son of a Christian Democratic politician and diplomat, he studied business administration at the Pontifical Catholic University of Chile and economics at Harvard University. At the time of his death, he had an estimated net worth of US$2.7 billion, according to Forbes, making him the third richest person in Chile and the 1177th richest person in the world.

<span class="mw-page-title-main">Banesto</span> Spanish financial services corporation

Banco Español de Crédito, S.A., “Spanish Credit Bank”) better known as Banesto, was a Spanish multinational financial services company. Prior to the Spanish Government's historical intervention in 1993, the first in the history of banking, Banesto was the third-largest financial group in Spain, operating around 1,770 branches, as well as the fifth-largest company of the IBEX 35. The ambitious capital increase planned in 1993 by its Executive Chairman Mario Conde together with J.P. Morgan became the biggest restructuring plan in the history of Europe, involving asset sales and a rights issue of US$1.2 billion, after which Banesto was expected to become the largest financial firm in Europe. Although initially accepted by the Bank of Spain, it was later frustrated following intervention on the basis of financial transparency.

<span class="mw-page-title-main">Estadio Regional de Antofagasta</span> Sports stadium in Chile

Estadio Regional de Antofagasta, officially Estadio Regional Bicentenario Calvo y Bascuñan de Antofagasta, is a sport facilities complex located in Antofagasta, Chile. The municipality of Antofagasta is the owner of the building and it used to host sports events such as cultural events and entertainment events. The complex is composed of the Main Stadium who is use made for most important events. The secondary fields, 1, 2, 3 and 4, are used for training sessions. The Field 5 is used to secondary events, with football pitch dimensions and counts with a Baseball field where are made the regional tournaments of this sport.

Álvaro Saieh Bendeck is a Colombian academic, economist, and businessman. He is the chairman of CorpGroup, one of Chile's largest conglomerates.

<span class="mw-page-title-main">Mapfre</span> Spanish multinational insurance company

Mapfre, S.A. is a Spanish multinational insurance company, based in Majadahonda, Madrid. The name comes from the old mutual origin of the company, but the company now only refers to itself as Mapfre. It is the leading insurance company in Spain and the largest non-life insurance company in Latin America.

Lanix Internacional, S.A. de C.V. is a multinational computer and mobile phone manufacturer company based in Hermosillo, Mexico. Lanix primarily markets and sells its products in Mexico and the Latin American export market.

Celulosa Arauco y Constitución is a Chilean wood pulp, engineered wood and forestry company controlled by Anacleto Angelini's economic group; Empresas Copec. In 2006 CELCO/ARAUCO had five pulp mills in Chile and one in Argentina. Apart from pulp mills, CELCO/ARAUCO has 4 engineered wood manufacturing plants in Chile, 2 in Argentina and 2 in Brazil.

<span class="mw-page-title-main">Sacyr</span>

SACYR S.A. is a Spanish infrastructure operator and developer company based in Madrid.

<span class="mw-page-title-main">Beer in Chile</span>

The primary beer brewed and consumed in Chile is pale lager, though the country also has a tradition of brewing corn beer, known as chicha. Chile's beer history has a strong German influence – some of the bigger beer producers are from the country's southern lake district, a region populated by a great number of German immigrants during the 19th century. Chile also produces English ale-style craft beers while also developing its own craft beer identity.

<span class="mw-page-title-main">CMPC (company)</span> Chilean pulp and paper company

EmpresasCMPCS.A. is a Chilean pulp and paper company, headquartered in Santiago, Chile. It is the largest paper manufacturer in the country; and one of the biggest companies worldwide according to Forbes Global 2000's ranking in 2023, with $1B in profits in 2023.

<span class="mw-page-title-main">Enel Américas</span> A conglomerate of electric energy companies operating in Central and South America

Enel Americas is a conglomerate of electric energy companies operating in South America and Central America countries: Argentina, Brazil, Colombia, Peru, Costa Rica, Panama and Guatemala. Through its affiliates it generates, transmits and distributes electric power.

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. The company has 491 stores and 42 shopping malls. The stores are divided into 111 department stores branded as Falabella, 251 home improvement stores under the brand Sodimac and 129 supermarkets branded as Tottus. In Peru the company owned the Saga Falabella, listed in the Lima Stock Exchange. It was renamed to Falabella in 2018.

<span class="mw-page-title-main">Bankia</span> Spanish financial services company (2010–2021)

Bankia was a Spanish financial services company that was formed in December 2010, consolidating the operations of seven regional savings banks, and was partially nationalized by the government of Spain in May 2012 due to the near-collapse of the institution. As of 2017, Bankia was the fourth largest bank in Spain, with total assets of €179.1 billion. In 2021, the bank merged with CaixaBank to create a new entity, initially preserving its original name.

<span class="mw-page-title-main">Campeonato Nacional Fútbol Femenino</span> Football league in Chile

The Campeonato Nacional Fútbol Femenino, is the main league competition for women's football in Chile. The winner qualifies for the Copa Libertadores de Fútbol Femenino, the South American Champions League. The competition is organised by the Chilean Football Federation.

<span class="mw-page-title-main">2010 Pichilemu earthquakes</span> 6.9 and 7.0 MW intraplate earthquakes 2010 in Chile

The 2010 Pichilemu earthquakes, also known as the Libertador O'Higgins earthquakes, were a pair of intraplate earthquakes measuring 6.9 and 7.0 Mw that struck Chile's O'Higgins Region on 11 March 2010 about 16 minutes apart. The earthquakes were centred 15 kilometres (9.3 mi) northwest of the city of Pichilemu.

<span class="mw-page-title-main">Bangladesh–Chile relations</span> Bilateral relations

Bangladesh–Chile relations refer to the diplomatic relations between Bangladesh and Republic of Chile. Both countries are members of Group of 77 and Non-Aligned Movement.

<span class="mw-page-title-main">Gala-Sears</span>

Gala-Sears was the subsidiary of Sears Roebuck in Chile, which formally began operations on April 2, 1982, the day after the opening of Mall Parque Arauco. It was one of the first international commercial ventures that retired from the country after few years of failures and economic losses.

References