Chile’s Falabella Founders Keep Selling Down Their Stake
The Cuneo family sold a 1% block on 13 August, while LarrainVial paused new contributions to a fund and Mallplaza revived a shopping centre project. The post Chile’s Falabella Founders Keep Selling Down Their Stake appeared first on The Rio Times .
Chile's Falabella retail giant saw its founding families sell a combined 2.49% of the company during 2026. The Cuneo family led this reduction, selling 1% on August 13, followed by Bethia tied to the Heller Solari family. The Cuneo family reduced their combined stake to 8.24%, down from 9.24%. The sales totaled CLP 401,549 million, or around US$439 million.
Other family members, including Paola and Giorgianna Cuneo, also divested shares through their investment vehicles. The Mallplaza retail project, paused for years, resumed with an open-air lifestyle centre due to be completed by 2030.
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