Falabella is a multinational chain of department stores owned by Chilean multinational company S.A.C.I. Falabella. It is the largest South American department store, and a member of the International Association of Department Stores (since 2006). The company was founded by Salvatore Falabella Cardone, an Italian immigrant from Naples, in 1889 in Santiago, Chile. It was originally a tailor's shop, but today has become the largest retailer in South America. The expansion of the company began in the 1960s, with the first store outside Santiago opened in Concepción. In 1980 Falabella created CMR, a credit card with 5.5 million customers. In the 1990s it began a process of internationalization and expanded its operations to Argentina, Peru (where it traded as Saga Falabella until 2018) and Colombia. Some of the celebrities who have appeared in its ads are Cecilia Bolocco, Valeria Mazza, Juanes, Kate Moss, Gisele Bündchen and Ricky Martin More information...
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