Chile retailer Falabella to invest $3.923 bln between 2013-2017

SANTIAGO Wed Jan 9, 2013 3:36pm EST

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SANTIAGO Jan 9 (Reuters) - Chilean retailer Falabella plans to invest $3.923 billion between 2013 and 2017 to boost its presence in Latin America, it said in a statement on Tuesday.

Falabella operates in Chile, Peru, Colombia and Argentina. It aims to open 231 new stores and 20 new shopping malls by 2017.

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