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February 08, 2016 9:52 PM ET

Food and Staples Retailing

Company Overview of Walmart Chile S.A.

Company Overview

Walmart Chile S.A. is engages in the operation of supermarkets and hypermarkets in Chile. It operates through Retail, Real Estate, and Financial Services segments. The company sells food and general merchandise through its supermarkets under various formats, including Lider, Express LEADER, Lider.cl, Ekono, Superbodega Acuenta, and Central Wholesaler. It also provides credit, insurance brokerage, and other financial services. In addition, the company develops commercial real estate projects; and manufactures and sells food products. The company was founded in 1996 and is headquartered in Santiago, Chile. Walmart Chile S.A. is a subsidiary of Inversiones Australes Tres Limitada.

Avenida Presidente Eduardo Frei Montalva 8301

Quilicura

Santiago,  

Chile

Founded in 1996

48,764 Employees

Key Executives for Walmart Chile S.A.

Walmart Chile S.A. does not have any Key Executives recorded.

Walmart Chile S.A. Key Developments

International Investment Funds Interested In Espacio Urbano Malls

International investment funds from Russia, Spain and Canada are reportedly interested in ten Espacio Urbano malls Walmart Chile S.A. (SNSE:WMTCL) is trying to sell in Chile for over $500 million, according to Kayco International director Marcos Kaplun. These firms have two weeks to confirm their interest and will have to contact CBRE if they want to do so.

Gian Carlo Nucci to Join the Boards of Directors Walmart Chile and Walmart Mexico

Wal-Mart Stores Inc. announced a series of leadership moves in its Latin American division. Gian Carlo Nucci, currently president and CEO of Walmart Chile, has announced his retirement and will leave the business in June 2015. In 22 years with Walmart, including the last two running Walmart's business in Chile, Nucci has served as a tremendous leader and an important part of the leadership team in Latin America. In addition, the company have invited Gian Carlo to join the boards of directors of Walmart Chile and Walmart Mexico and Central America and the company will be making a proposal to that effect in the near future. During his 22 years at the company, Nucci successfully led different formats in Mexico, where he was always characterized by a great ability to reverse results in challenging times. In his last years in Mexico, before moving to Chile as CEO, he led all formats and full operation of Mexico achieving consistent results in every business.

Walmart Chile Announces Management Changes, June 2015

Wal-Mart Stores Inc. announced a series of leadership moves in its Latin American division. Gian Carlo Nucci, currently president and CEO of Walmart Chile, has announced his retirement and will leave the business in June 2015. In 22 years with Walmart, including the last two running Walmart's business in Chile, Nucci has served as a tremendous leader and an important part of the leadership team in Latin America. In addition, the company have invited Gian Carlo to join the boards of directors of Walmart Chile and Walmart Mexico and Central America and the company will be making a proposal to that effect in the near future. During his 22 years at the company, Nucci successfully led different formats in Mexico, where he was always characterized by a great ability to reverse results in challenging times. In his last years in Mexico, before moving to Chile as CEO, he led all formats and full operation of Mexico achieving consistent results in every business. Replacing Nucci as the president and CEO of Walmart Chile will be Horacio Barbeito, currently president and chief executive officer - Walmart Argentina. Day-to-day operations of Walmart Argentina will be led by Agustin Beccar Varela, currently Director of Marketing, Corporate Strategy and eCommerce - Walmart Argentina, reporting to Barbeito. Barbeito joined the company in 1995 as a trainee buyer in Argentina. Since then, he has held both regional and international leadership roles and was named president and CEO of Walmart Argentina in 2012. In his new role, Barbeito will continue to report to Enrique Ostale, Walmart's president and CEO of Latin America.

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