Women's Wear Daily

Rosetta Getty’s Frieze L.A. Diary

Paramount Pictures Studio proved the perfect venue for the art fair, a symbolic marriage of Los Angeles' past and future as the city continues to grow its cultural capital, says Getty.

Chile’s Cencosud, Other Mall Operators Eye IPOs

Cencosud Shopping Centers, the mall division of South American retail group Cencosud, and rival Vivo are eyeing initial public offerings in coming months to profit from a growing retail market, according to market sources. “They [Cencosud Shopping Centers] are looking to do a bond issue and then a stock listing,” said a ratings analyst in Chile’s capital of Santiago, adding that the firm could issue more than $1 billion in notes to pay $1.4 billion in liabilities to parent company Cencosud. Cencosud operates multibrand supermarkets, department stores and home improvement centers in five South American countries. The retailer, which competes head-to-head with compatriot Falabella, runs the Paris and the Johnson department-store chains in Chile and Peru. It also operates the Jumbo hypermarket chain across South America, which sells fragrances and beauty products but has a smaller apparel business. Paris and Johnson, which are increasing their online presence, market a string of unisex private label and well-known brands such as Opposite, Greenfield, Scokvhawai and Nike, as well as Adidas. Following the bond, Cencosud Shopping Centers is expected to sell 30 percent of its equity to investors in March, the analyst said. While the company has not provided a target for how much it plans

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