La Polar

La Polar is the fourth largest retail company in Chile, behind Falabella, Paris S.A and Ripley S.A.

Empresas La Polar S.A.
Sociedad Anónima
Traded asBCS:LA POLAR
IndustryDepartment store
Founded1920
HeadquartersSantiago, Chile
Key people
Jorge Andres Ibañez, (Chairman)
ProductsClothing, Accessories, Electronics, Furniture
Revenue US$ 795.9 million (2012)
US$ 390.8 million (2012)
Number of employees
6,000
Websitewww.lapolar.cl

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.

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.[1]

gollark: Multiply the left by (8-x)/(8-x) and the other by (x-8)/(x-8).
gollark: Give them a common denominator and subtract the things.
gollark: I would simply use a calculator.
gollark: Ah, they seem to already be doing that.
gollark: This is very cool. I don't think you would even need very expensive hardware for it: instead of physical shutters use a transparent LCD or something.

References
  1. Reuters Chile La Polar eyes $890 mln to cover bad credit
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