Falabella Takes Control of Sodimac
Falabella is moving to exert direct control over its home improvement subsidiary, Sodimac, as the company navigates a period of weak demand and economic contraction. Effective June 8, 2026, the retailer will consolidate leadership, reducing the Sodimac board from nine to seven members and installing top-tier Falabella executives in key oversight roles. Consolidation of Governance … Read more