The Falabella website on a tablet arranged in Santiago, Chile, on Wednesday, Sept. 6, 2023. What was once one of the biggest retail groups in Chile, Falabella faces a potential credit downgrade after spending big on a push into e-commerce. Photographer: Cristobal Olivares/Bloomberg via Getty Images
![The Falabella website on a tablet arranged in Santiago, Chile, on Wednesday, Sept. 6, 2023. What was once one of the biggest retail groups in Chile, Falabella faces a potential credit downgrade after spending big on a push into e-commerce. Photographer: Cristobal Olivares/Bloomberg via Getty Images](https://embed-cdn.gettyimages.com/id/1659761332/photo/taking-on-amazon-mercadolibre-weighs-heavy-on-chiles-falabella.jpg?s=594x594&w=0&k=20&c=BSA9RM_4rh4K86zI2oIw7U8_sOJB3qGzgFbEqoxXqiY=&Expires=1722128400&Key-Pair-Id=APKAIJLYLGZE3LWJLKRA&Signature=j-HFC1ezyrEMoSaMJLumc4FB-texIGO0--VJsp1ICgyT6hZUpuwNhB1Tv9lAFdXx~aAHlxSwH3g-etT4-b3Yg4WYBRLo-s5GqSr-5XWXBrgTqGu4VZXjZTDy4imPImSgMGn3j-48o3a4yK-ZKv-O7gUARzeDlon0GBrlfg7aTpsQKUsYWM6Zg~lcvYZvac5hUmqYegx2ddEX2~A5T3dUWMQU52tDdHDlMWpT-pfMOkVT8R0vH7yJ1lZvHEqYaIjAzFbuX18phRTTb2M0-AO479-WynK1meR1s23ktpbUDPMjQC1kAn5QQXHN-eE3KH4hwSb5xatTnL2so1Xi4xMcRiHaLn~T1qH3ftjzU76W73zaIE7iCEM8ZifkcjpTm4iOvziSl~3FEFI7IX23SEYLckmfjbQYuZAgQLLrbc6E0WZDq2UT4SarhrSdrcV3m~icmRfkp69B9Oe-L~V-Whk-Cg-7kTFTUo1910-s0aOvX0BE9zJojO8TYOhXCaw7MzvkRMIwCTN07y7p2V3Yhp8jb1rJrNWuE8A4oRnDGGnz3pIsCD9dSUlCsgGMFo-xlwujyMq88Qqx1QAw-ptgqF9IL5QIV1k-LsO4vnSUPA7pbzjz~mvBY8yZYp77wyWG07GOwaGctJ4ObpmxE6sHr75oW-dhRTyRioC7SKVzbr-wWj8_)