Chilean Retailer Plans Capex Hike

Chilean retailer Falabella plans to invest $2.8bn between 2008 and 2011, Juan Carlos Espinosa, development and planning manager of the company tells LatinFinance. The spending aims at doubling the amount of stores the company has, as well as covering overall investment in all four business units of the company. It has operations in Chile, Peru, Colombia and Argentina. Falabella is exploring its options for financing the plan, including bonds and traditional debt, Espinosa says. Falabella has supermarkets, retail operations and consumer finance.