Chile's Falabella Department store chain announced on 14 January that it would invest $1.74 bn 2010 to 2012 to expand its operations. Falabella is one of South America's top retailer. It has 65 department stores, 95 Home Depts and 33 supermarkets located in Chile, Argentina, Colombia and Peru. It has eight stores in Buenos Aires itself.
It plans to invest around $492 million this year, $620 million in 2011 and $632 million in 2012. Falabella invested $280 million in 2009. The company has expanded its businesses in the region over the years.
Falabella sells clothes, hometextiles, electronics, furniture, healthcare products and other such consumer goods. India is an important source of their purchases. Indian companies can expect more business from Falabella in the coming years.