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In the last hours, the Argentine press assured that Falabella -Firm of Chilean capital controlled by the Solar familyi- “wanted to leave” that country as a result of the economic crisis.
According to what was published by Clarín, the company would be looking for a strategic partner given the intention of the majority partners to withdraw the business from Argentina.
In this context, Falabella confirmed that it is indeed evaluating options for making profitable operations of its subsidiaries in trans-Andean soil, “which could include the entry of a strategic partner “ for them.
The pandemic accelerated the retail digitization process and has affected its results in the neighboring country, where it has faced a series of logistical problems linked to online sales.
To adapt to the growing trend of the electronic commerce -and make the operation in Argentina sustainable over time- the company stated that determined “to close four of its stores in Buenos Aires in the next few months: two Sodimac home improvement stores and two from Falabella retail ”.
In the trans-Andean zone, Falabella has 10 stores and 9 Sodimac branches; and at least 300 thousand clients associated with the CMR card.
To accompany this process, the company also decided to implement a voluntary retirement which also includes workers from headquarters.
Finally, Falabella assured that those employees of the stores that will be closed “will have the alternative of being relocated to another branch store.”
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