Linio is one of the leading

marketplace A marketplace, market place, or just market, is a location where people regularly gather for the purchase and sale of provisions, livestock, and other goods. In different parts of the world, a marketplace may be described as a ''souk'' (from ...

s in

Latin America Latin America is the cultural region of the Americas where Romance languages are predominantly spoken, primarily Spanish language, Spanish and Portuguese language, Portuguese. Latin America is defined according to cultural identity, not geogr ...

, with presence in five countries and offering more than four million products.

History

Linio began operations in 2012 in

Mexico Mexico, officially the United Mexican States, is a country in North America. It is the northernmost country in Latin America, and borders the United States to the north, and Guatemala and Belize to the southeast; while having maritime boundar ...

. The company has been through various rounds of funding, including one that concluded in September 2016. On 1 August 2018, the company was acquired by the

Chile Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...

retail store The retail format (also known as the retail formula) influences the consumer's store choice and addresses the consumer's expectations. At its most basic level, a retail format is a simple marketplace, that is; a location where goods and services ar ...

Falabella The Falabella is an Argentine list of horse breeds, breed of small horse. It is among the smallest of horse breeds, with a height at the withers in the range .. History The horses of South America descend from Andalusian horse, Andalusian and ...

for

USD$ The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

138 million. It was announced that Linio will be ceasing operations in Mexico for April 8, 2024 to focus on their collaboration with

Soriana Organización Soriana is a Mexican public company and a major retailer in Mexico with more than 824 stores. Soriana is a grocery and department store retail chain headquartered in Monterrey, Monterrey, Nuevo Leon, Mexico. The company is 100% cap ...

on their expansion of Sodimac and his target Falabella Soriana.https://www.xataka.com.mx/comercio-electronico/linio-se-va-mexico-sitio-comercio-electronico-cierra-operaciones

References

Online retailers of Mexico {{retail-company-stub