La Polar is the fourth largest retail company in
Chile
Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...
, 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.
[Reuter]
Chile La Polar eyes $890 mln to cover bad credit
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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
{{portal, Companies
Department stores of Chile
1920 establishments in Chile