Falabella Stepping Up Investment To Take Advantage Of Regional Growth

Diversified Chilean retail giant Falabella has upped its growth plans for the coming years and announced it will now invest US$3.51bn between 2011 and 2015. This is up from the US$2.57bn previously announced for 2010 to 2014 and the firm has said the increased investment will go towards opening 215 new outlets and 16 new shopping malls. Falabella currently operates in Chile, Peru, Argentina and Colombia and this ambitious rate of expansion highlights the positive outlook for the consumer sector in most of these

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