Consumer

Falabella Bonds Rally as ‘Miracle’ Chairman Redeems Fallen Angel

A Falabella store in Santiago, Chile.
Photographer: Cristobal Olivares/Bloomberg

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By Carolina Gonzalez

April 13, 2026 at 12:00 PM UTC

Lea en español

Falabella SA’s bonds jumped last week after S&P Global Ratings upgraded the retailer to investment grade, marking its return from fallen angel status after just over two years and crowning the efforts of former Chairman Enrique Ostalé to restructure the company.