Falabella reaches 100% of its subsidiary in Brazil

Falabella Holding's bet for its renovation division is still present

Parallel to its bet in Mexico with Sodimac – thanks to an badociation with the Soriana supermarket, which also includes financial activities – the company made a strategic move in Brazil: the acquisition of A 35% stake that it did not hold at Construdecor, its subsidiary, which manages the Dicico brand

The chain is particularly interested in the sale of building materials.

The transaction will involve the disbursement of about US $ 60 million and will materialize by the end of August this year. 19659003] With this movement, Falabella completes a goal already glimpsed. And in June 2016, the group made a capital contribution of 140 million reais (approximately 41.8 million US dollars) to Construdecor, which increased its stake from 50.1% to 60% at that time. 19659003] It should be remembered that it was in 2013 that Falabella entered into the ownership of this company, after acquiring a majority stake in Dimitrios Markakis, a well-known Brazilian businessman, who made the company grow. chain by applying strategies from the supermarket sector. 19659003] In those years, Markakis was clear that he should make a leap with Dicico. Thus, in 2011, he announced in Brazil that he was preparing the company for "growth, mergers and acquisitions". He even evaluated the use of the stock market to achieve his growth objectives. However, he opted for a partnership with the Chilean holding company, which had ambitious plans for expansion.

Currently, the company has sales of 282 million US dollars, a presence in Sao Paulo, where it has 57 stores, 5 of which are Sodimac Homecenter, and a total sales area of ​​168 thousand square meters

Falabella reported an agreement to operate the Ikea stores in Chile, Peru and Colombia. Even though it appeared that this agreement could be extended to other countries where it operates, such as Brazil, the company refused it.