"Decision is part of the Falabella policy in countries that have strategic capabilities to improve the valuation of the market platform," said the retailer.
Felabella announced that Linio will end its activities Ecuador and Panama. Therefore, it will continue to be available as well as available transactions in addition to the materials available.
The retailer indicated "This decision is part of the Falabella's policy in countries that have strategic capabilities to improve the market value of its market platforms.
Ultimately, he promised Linio will be in possession of the brand in both countries.