Cencosud Announces Investment

February 2008 | Company News Alert

Chilean retail group Cencosud has revealed plans to invest US$500mn in 2008 and a total of US$3bn in the next five years. Cencosud hopes that this investment will allow it to double its sales over the next five years - an optimistic but feasible aim. With the firm's local retail market fairly mature BMI expects the majority of this investment to be outside of Chile. With the firm entering Peru and Brazil in 2007 it is likely that one of these countries will receive the bulk of this investment. However, BMI thinks that the firm is likely to have a

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