Chile’s Falabella says looking for suppliers outside China

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A Falabella department store is seen in the commercial district of Vina del Mar

SANTIAGO (Reuters) – Chile’s Falabella is looking to expand its supplier network outside China, eying Bangladesh and Vietnam, a top executive for the company said Thursday during a call to discuss third-quarter results.

The Chilean retailer on Tuesday reported a third-quarter net loss of 24.87 billion pesos ($25.7 million), down from the 183 billion peso profit seen one year ago.

(Reporting by Valentine Hilaire and Fabian Cambero)

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