Tortugas Open Mall Now The Largest In Latin America

Patrick Archer buenos aires events, foreign investment, franchises, real estate, vanityba

Latin America’s largest mall opened yesterday in Pilar, just outside Buenos Aires. Tortugas Open Mall, which is described as a Lifestyle Center, is Argentina’s first mall to incorporate shopping, entertainment, and health and beauty services. The massive 1.6 million square foot mall includes more than 160 boutiques, department stores, a food court, an eight-screen Cinemark and a fitness center. Developed …

Chile’s Falabella Bets On Continued Retail Strength in Argentina

Patrick Archer foreign investment

Sales of consumer durables have always been a good gauge of market sentiment and overall consumer confidence. An even better barometer lies in the capital spending plans of major retailers who supply the stainless steel refrigerators, 42″ LCD TVs and the increasingly popular lavadoras de carga frontal. According to Reuters, Santiago-based Falabella (Chart), plans to spend $1.72 billion in Argentina …