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La Polar

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Title: La Polar  
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Subject: 2011–13 Chilean student protests, Blurred Lines, Santiago
Collection: 1920 Establishments in Chile, Retail Companies of Chile
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La Polar

Empresas La Polar S.A.
Type Sociedad Anónima
Traded as BCS:LA POLAR
Industry Department store
Founded 1920
Headquarters Santiago, Chile
Key people Jorge Andres Ibañez, (Chairman)
Products Clothing , Acessories, Electronics, Furniture
Revenue Decrease US$ 795.9 million (2012)
Net income Increase US$ 390.8 million (2012)
Employees 6,000
Website www.lapolar.cl

La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.

The company has 43 stores, being 38 in Chile and 5 in Colombia and offers various products, such as clothing, accessories, sporting goods, beauty products, gifts, infant products, electronics, furniture, furnishings, and household products. It also provides a range of services comprising the credit cards, general and life insurance, and extended warranty durable products.

Renegotiated customers' debt without consent

On 17 June 2011 Chile's Superintendencia de Valores y Seguros (securities regulator) indefinitely suspended trading in Empresas La Polar SA pending an investigation after La Polar announced it would have to provision an additional $430 million due to irregularities in its store-credit department.[1]

References

  1. ^ Reuters Chile La Polar eyes $890 mln to cover bad credit

External links

  • "Llegar y llevar", el escándalo de los almacenes chilenos La Polar in Spanish newspaper El País on 20 June 2011, retrieved on 20 June 2011 in Spanish language
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