09/14/2020 - 10:01
Clarín.com
Economy
The Chilean company
Falabella wants to leave Argentina
and is looking for a strategic partner that will allow it to lower its exposure in the country.
Thus, it is emerging to follow the path started by another of the trans-Andean companies, such as Latam in a year in which the GDP will fall at least 12%.
In the country, Falabella has 10 stores and the same business group owns 9 Sodimac branches, with stores specializing in construction materials and household items.
Behind Falabella's decision is the crisis unleashed by the pandemic, and also the usual problems of the Argentine economy, among them the
increasingly marked
restrictions
on imports and the impact of the exchange rate gap.
Company sources told
Clarín
that they are looking for a
"strategic partner"
since the intention of the majority partners is to leave the country.
The Chilean company had begun to shrink in the country last year, when it
lowered the blind
on one of its largest stores, which was located on Florida Street.
In addition to Sodimac, another of the group's businesses in the country is the CMR financial card, which has close to 300,000 clients.
Now the company is looking for buyers, not an easy task in this context.
Other multinationals that are also looking to leave the country, such as Walmart, have not yet found a suitable offer.
AQ
