La Polar Still Plans to Open Stores in Colombia, Diario Says

Empresas La Polar SA (LAPOLAR), the Chilean department store under investigation for consumer loan irregularities, still plans to open new stores in Colombia, Diario Financiero reported, citing Chief Executive Officer Martin Gonzalez.

The company plans to open three stores in Colombia before the end of the year, increasing its total to four, the Santiago based business daily wrote.

La Polar Chairman Cesar Barros had said that expansion plans would be postponed, Diario Financiero wrote.