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ARTICLE · 19 SEPTEMBER 2016

Liverpool Agrees Ripley's Acquisition

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Santamarina y Steta in Mexico City, Carey in Chile and Muñiz Ramírez Pérez-Taiman & Olaya in Lima have helped Mexican department store chain Liverpool acquire a majority stake in Chilean counterpart Ripley.

ChileCorporate/Commercial Law
Originally Published By Latin Lawyer
Originally Published By Latin Lawyer

Santamarina y Steta in Mexico City, Carey in Chile and Muñiz Ramírez Pérez-Taiman & Olaya in Lima have helped Mexican department store chain Liverpool acquire a majority stake in Chilean counterpart Ripley.

The Calderon Volochinsky family, with help from Cariola, Díez, Pérez-Cotapos & Cía Ltda in Santiago, agreed to sell their 53 per cent stake in Ripley for 813 billion Chilean pesos (US$1.2 billion) on 7 July. The deal is expected to receive regulatory approval within weeks.

Ripley has maintained a diverse business portfolio, despite exiting Colombia earlier this year after posting net losses of around US$70 million in 2015. As well as owning 69 stores in Chile and Peru, the company offers financial services and manages shopping malls.

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