S.A.C.I. Falabella

Last updated

Falabella S.A.
Company type Sociedad Anónima
BCS: FALABELLA
IndustryRetail
Founded1889 [1]
Headquarters,
Chile
Key people
Carlo Solari Donaggio (Chairman)
Gaston Bottazzini (CEO)
Products Malls
Supermarkets
Banking
Clothing
RevenueIncrease2.svg US$14.6 billion (2017)
Increase2.svg US$828.9 million (2017)
Number of employees
113,378 (2017)
Website www.falabella.com/inversionistas

Falabella 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.

Contents

Falabella Department Stores division has been a member of the International Association of Department Stores since 2009. [2] [3]

Description

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. [4]

History

Related Research Articles

<span class="mw-page-title-main">Supermercados Gigante</span> Mexican supermarket chain

Supermercados Gigante was a large supermarket chain in Mexico. The chain expanded north of the border as well, as it also had locations in predominantly working-class Mexican-American communities of the United States.

Organización Soriana is a Mexican public company and a major retailer in Mexico with more than 824 stores. Soriana is a grocery and department store retail chain headquartered in Monterrey, Nuevo Leon, Mexico. The company is 100% capitalized in Mexico and has been publicly traded on the Mexican stock exchange, since 1987 under the symbol: "Soriana".

<span class="mw-page-title-main">Falabella (retail store)</span> Chilean retail company

Falabella is a multinational chain of department stores owned by Chilean multinational company S.A.C.I. Falabella. It is the largest South American department store, and a member of the International Association of department stores.

<span class="mw-page-title-main">París (retail store)</span> Chilean chain of department stores

París, formerly known as Almacenes París, is a chain of department stores in Chile, owned by multinational Cencosud. It was a member of the International Association of Department Stores from 2000 to 2005.

<span class="mw-page-title-main">Parque Arauco S.A.</span> Chilean shopping malls company

Parque Arauco is the third largest Chilean shopping malls company, after Cencosud's malls division and Mall Plaza the S.A.C.I. Falabella shopping malls subsidiary. It is headquartered in Santiago. The company manages shopping malls in Chile, Peru and Colombia. It has 24 shopping malls with a total of GLA 672,700 square meters.

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

Cencosud S.A. is a publicly traded multinational retail company. It's the largest retail company in Chile and the third largest listed retail company in Latin America, competing with the Brazilian Companhia Brasileira de Distribuição and the Mexican Walmart de México y Centroamérica as one of the largest retail companies in the region. The company has more than 1045 stores in Latin America.

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">Líder</span> Retail chain in Chile

Líder is a Chilean hypermarket chain originally owned and operated by Distribución y Servicio (DyS) but sold to US American corporation Walmart in 2009.

<span class="mw-page-title-main">Ripley S.A.</span> Chilean management company

Ripley S. A. is a Chilean department store, financial services, and shopping malls management company. Ripley is headquartered in Santiago, Chile and also has operations in Peru since 1997 and formerly operated in Colombia since 2014 to 2016.

Sodimac Homecenter is a chain of home improvement stores in Chile. Besides Chile, there are stores in Argentina, Colombia, Peru, Mexico, Uruguay, and Brazil.

Tottus is a chain of supermarkets and hypermarkets owned by the Chilean retail company S.A.C.I. Falabella, with a presence in both Peru and Chile. As of 2019, Tottus had 157 locations; 89 in Peru and 70 in Chile.

<span class="mw-page-title-main">Mallplaza</span> Chilean mall chain

Mallplaza is a Chilean chain of malls operated in South America by Falabella.

<span class="mw-page-title-main">Jumbo (hypermarket)</span> Chilean hypermarket chain

Jumbo is a Chilean hypermarket chain with a presence in Chile, Argentina, and Colombia. Founded in 1976 by Horst Paulmann, Jumbo is a subsidiary and pillar of the Cencosud business consortium, which also owns Santa Isabel, Disco, Super Vea, and Metro supermarkets, as well as Easy and Paris stores.

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

Banco Falabella is a Chilean bank. Founded in 1998, It is headquartered in Las Condes, Chile. It is a subsidiary of S.A.C.I. Falabella and has branches in Chile, Peru, and Colombia.

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

Tiendas Industriales Asociadas S.A., branded as Tía and sometimes known as Almacenes Tía, is a South American retailing brand founded in 1940. Its divisions in Ecuador and Uruguay trade under the brands Tía, MAGDA, Ta-Ta and MULTI AHORRO, where they are together the largest discount retailer, with over 450 locations. Tía S.A. (Colombia) operated 19 locations under the Tía brand, until it closed in 2017 because of poor sales.

Open Plaza Los jardines is a shopping center of 25,000 m² located in the Peruvian city of Trujillo, in the locality called Los Jardines, east of the Historic Centre of Trujillo. It belongs to Malls Peru is owned business unit of Falabella Perú. This mall, called format Power Center by the same company, is characterized by at least four local anchor present here as Sodimac and Tottus hypermarkets, smaller operators are also present around anchor stores such as Do it, Coolbox, Boticas BTL, Topitop, etc. and a food court and a Financial Boulevard. This mall was built on what was the former Los Jardines Hotel and it opened on December 3, 2008 with an investment of 26 million dollars. Open Plaza Los Jardines is the 5th mall that Malls Peru company has constructed in the country.

Mallplaza Trujillo is a shopping mall in Trujillo city, Peru. It was opened on November 30, 2007. It is Located in Mansiche avenue near the old locality of San Salvador de Mansiche at northwest the Historic Centre of Trujillo. This mall is the largest in the city and one of the largest in the country. In this shopping center in November 2012 was held the second Gastronomic Fair in Trujillo called Sabe a Peru.

<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

  1. Información Corporativa - Corporate Information fallabella.com, retrieved 8 February 2019 (Spanish)
  2. "Falabella". www.iads.org. Retrieved 20 June 2021.
  3. "News releases - www.stockmanngroup.com". www.stockmanngroup.com. Retrieved 20 June 2021.
  4. Annual Report 2017 fallabella.com, retrieved 8 February 2019 (Spanish)
  5. Annual Report 2017 fallabella.com, retrieved 8 February 2019 (Spanish)