Cencosud Bets On Argentina

Chilean retail group Cencosud has announced it will invest at least a further $500 million in Argentina over the next two to three years. Cencosud group, which has already invested around $500 million in Argentina, includes the store brands Jumbo, Easy, Disco, Vea and Paris. The investment by the Chilean retailer in its neighbor’s booming economy will create around 15,000 new jobs at over 180 new stores, according to Cencosud.