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Chile’s Falabella says looking for suppliers outside China By Reuters

by Index Investing News
November 10, 2022
in Financial
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© Reuters. FILE PHOTO: A Falabella department store is seen in the commercial district of Vina del Mar, Chile May 14, 2019. REUTERS/Rodrigo Garrido

SANTIAGO (Reuters) – Chile’s Falabella is looking to expand its supplier network outside China, eying Bangladesh and Vietnam, a top executive for the company said Thursday during a call to discuss third-quarter results.

The Chilean retailer on Tuesday reported a third-quarter net loss of 24.87 billion pesos ($25.7 million), down from the 183 billion peso profit seen one year ago.



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