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Chile's Falabella To Issue ADRs And Enter Mexican Market -Report

SANTIAGO, Chile -(Dow Jones)- Chilean retailer SACI Falabella (FALABELLA.SN) will issue American Depositary Receipts and enter the Mexican market in 2012, newspaper Diario Financiero reported Monday without citing sources. Falabella, with a market capitalization of nearly $24 billion, is one of the largest retailers in the region, operating stores in Chile, Colombia, Peru and Argentina. According to Diario Financiero, Falabella was looking to enter either Brazil or Mexico. The Chilean retailer opted for Mexico, with 100 million inhabitants and space for a new competitor. Falabella will compete there against Wal-Mart de Mexico SAB de CV (WMMVY, WALMEX.MX) and Sears Holdings Corp. (SHLD). Falabella is following competitor Cencosud SA's (CENCOSUD.SN) footsteps, as Cencosud recently announced plans to list in the U.S. to increase its investor base. Cencosud has focused its growth strategy on the Brazil market through a series of acquisitions in recent years. -By Graciela Ibanez, Dow Jones Newswires; 56-2-715-8929; [email protected]

Stock News for Sears (SHLD)
DateTimeHeadline
02/24/201712:35:00J.C. Penney to Close More Than 100 Stores--3rd Update
02/24/201709:49:00J.C. Penney to Close More Than 100 Stores--2nd Update
02/21/201710:20:33Initial Statement of Beneficial Ownership (3)
02/16/201708:00:00Sears Celebrates The Opening Of The First DieHard® Auto Center...
02/11/201703:02:00What's News: Business & Finance -- WSJ
02/10/201708:46:57Current Report Filing (8-k)
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02/02/201711:45:00Kenmore® Major Appliances Named America's Most Recommended™ Br...
02/02/201706:29:00Exporters Tout Benefits of Republicans' 'Border Adjustment' Proposal
02/01/201707:00:00Citi and Sears Holdings Introduce the Sears Mastercard with an...
01/27/201717:29:01Termination of Registration of a Class of Security Under Section...
01/27/201717:26:19Termination of Registration of a Class of Security Under Section...
01/27/201717:23:39Termination of Registration of a Class of Security Under Section...
01/27/201717:21:23Termination of Registration of a Class of Security Under Section...
01/27/201717:19:13Post-effective Amendment to an S-8 Filing (s-8 Pos)
01/19/201703:02:00Holiday Sales Sap Target -- WSJ
01/18/201709:00:00Sears Auto Center Uses Artificial Intelligence To Put Personal...
01/17/201710:26:00Want Your Appliance Fixed Faster? Sears Home Services Has A New...

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