Chilean Retail Deal Collapses

Chile’s family-owned supermarket chain Deca has decided to pull out of a deal to sell its stores to the country’s number one retailer D&S. Although a representative for the owning Rendic family insisted the decision was an independent one, D&S blames the failure of the deal on the anti-monopolies commission which had the transaction suspended for 45 days to analyze claims that the market was becoming concentrated in the hands of too few retailers. D&S currently controls 33% of the domestic market. Rendic Hermanos, which owns Deca, said the company is looking to focus on growing the business themselves.