La Polar
La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.
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| Type | Sociedad Anónima |
|---|---|
| BCS:LA POLAR | |
| Industry | Department store |
| Founded | 1920 |
| Headquarters | Santiago, Chile |
Key people | Jorge Andres Ibañez, (Chairman) |
| Products | Clothing, Accessories, Electronics, Furniture |
| Revenue |  US$ 795.9 million (2012) |
 US$ 390.8 million (2012) | |
Number of employees | 6,000 |
| Website | www.lapolar.cl |
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
External links
- "Llegar y llevar", el escándalo de los almacenes chilenos La Polar in Spanish newspaper El País on 20 June 2011, Retrieved 20 June 2011 in Spanish language
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