Type Sociedad Anónima Founded 1920 Revenue 795.9 million USD (2012) | Traded as BCS:LA POLAR Number of employees 6,000 Headquarters Santiago Net income 390.8 million USD (2012) | |
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Key people Jorge Andres Ibañez, (Chairman) CEO Patricio Lecaros Paul (Aug 2011–) Profiles | ||
La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.
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.
Renegotiated customers' debt without consent
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.