Type Sociedad Anónima Industry Retail Revenue 11.9 billion USD (2012) Founded 1889 Net income 861.4 million USD (2012) | Traded as BCS: FALABELLA Website www.falabella.com Headquarters Santiago Number of employees 80,000 | |
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Key people Reinaldo Solari Magnasco, (Chairman)
Juan Benavides Feliú, (CEO) Products Malls
Supermarkets
Banking
Clothing
Pharmaceuticals. Subsidiaries Sodimac, Banco Falabella | ||
Falabella is a Chilean multinational company. It is the second largest retail company in Chile after 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 also operates in the financial pharmaceutical sectors and others. The company have 259 stores and 27 Shopping malls. the stores is divided into 64 department stores branded as Falabella, 114 home improvement stores called Sodimac and 64 supermarkets branded as Tottus. In Peru the company owned the Saga Falabella, listed in Lima Stock Exchange.
History
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.
The president of the company is Reinaldo Solari Magnasco and the general manager is Juan Benavides Feliú.
On September 25, 2013 Sandro Solari replaces Juan Benavides as the new CEO for Falabella. Source: http://www.elmostradormercados.cl/destacados/cambio-en-la-gerencia-general-corporativa-de-falabella-sale-juan-benavides-entra-sandro-solari/§