Grupo Falabella has signed an agreement with Copec to sell its 65% stake in Promotora Chilena de Café Colombia S.A., which operates the Juan Valdez franchise in Chile. The sale, pending approval from the National Economic Prosecutor’s Office (FNE), is part of Grupo Falabella's strategy to focus on its core businesses and streamline operations.
Benoit De Grave, Strategy and Transformation Manager of Grupo Falabella, stated, “This agreement represents a new strategic step in the consolidation and simplification of our ecosystem, allowing us to focus on what we do best: delivering an innovative and quality omnichannel experience to our more than 36 million customers.”
Francisco Irarrázaval, General Manager of Falabella Retail, emphasized that “this decision reinforces our commitment to offer a specialized omnichannel experience in apparel, beauty, footwear, technology and home, ensuring that the latest trends reach the market before anyone else.”
The completion of this transaction will require meeting standard conditions for such deals and securing FNE's approval.
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