Falabella has become the largest group of department stores in Latin America. Its origins are closely linked to fashion, as the company started when Salvatore Falabella launched the country's first tailor's shop in Chile in 1889. The company is present in almost every country in Latin America.
The Chilean group of department stores has announced its new investment plan until 2022, with a notable decrease compared to the one announced at the beginning of 2019.
The Chilean department store giant closed its first half with a revenue of 233.9 million dollars.
The department store group registered net profits of 478.46 billion Chilean pesos (736 million dollars).
Consolidated revenues of the company amounted to 2,188,435 million pesos (2,924 million euros), which represents an increase of 2.8% compared to the same period of the previous year.
