Montevideo Shopping’s Multi-Million Dollar Expansion For Forever 21

Patrick Archer foreign investment, franchises, lifestyle, real estate, uruguay, us companies

Montevideo Shopping, the first indoor shopping center in Uruguay, is undergoing a US$6 million expansion in order to welcome the Uruguay flagship store of Los Angeles-based retailer Forever 21. The new multi-level wing of the galleria will feature over 20,000 square feet of retail space in addition to a warehouse and logistics center to receive the low-priced merchandise popular with …

Exito CEO Upbeat About Uruguay Grocery Acquisition

Patrick Archer foreign investment, uruguay

Two months after Colombia’s largest retailer announced plans for the purchase of the largest grocery chain in Uruguay, Dinero.com checks in with Grupo Exito CEO Gonzalo Restrepo to put the deal in perspective. In an interview with Dario Lopez, Restrepo shoots straight on the acquisition, the appeal of Uruguay and Exito’s plans for expansion in other corners of Latin America. …