Falabella Shares Shift Ownership Following Pact Expiration – World Today News
santiago, Chile – July 4, 2025 – A significant shakeup in the ownership structure of Chilean retail giant Falabella has occured following the expiration of a long-standing shareholder agreement.The Bethia group, linked to the Heller Solari family, has completed the sale of a 0.5% stake in Falabella, raising approximately US $65 million
.
Key Developments:
Ownership Transfer: The shares were purchased by the River, Cúneo, and Cardone families, marking the first instance of former controlling family members participating in a Falabella share purchase since the end of the shareholder pact on July 1st
.
Bethia’s Remaining Stake: Bethia now holds approximately 5% of Falabella shares
.
End of an Era: The nearly 20-year shareholder pact, which governed control of the conglomerate among seven families (Solari donaggio, Karlezi Solari, Cortés Solari, Heller solari, Cúneo Solari, Cardone Solari and del Río), expired without renewal. This pact previously protected the company from hostile takeovers by granting families preferential rights to purchase shares
.
Diverging Visions: Sources suggest the pact’s termination stems from differing perspectives on the future direction of Falabella among the former controlling families
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* New Alignments: The ownership landscape now sees Juan Cúneo, the River family, and Bethia controlling just over 28.5%, while Solari Donaggio, Karlezi Solari, and Cortés solari hold 35.23%. Sergio Cardone remains a key, neutral stakeholder with 2.37%
. Recent activity also indicates growing interest from the Müller and Fürst families, historic partners in Mallplaza
.
context:
The dissolution of the shareholder pact follows a period of financial restructuring for the Heller Solari family, impacted by the collapse and subsequent recovery of Latam Airlines. The family had previously sought authorization to reduce their stake in Falabella to address debt, with a limit of 5% established to maintain control within the family
.
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Call to Action: Stay tuned to World Today News for continued coverage of this developing story and its implications for the Chilean retail market.
