La Polar’s $1 Billion Fraud Fades as Rival Ripley Rebounds

Business Week Tuesday 10th January, 2012

Jan. 10 (Bloomberg) -- Ripley Corp SA, Chile’s third- largest department-store chain, is rebounding as investors seize on record-low valuations and concern fades that a credit fraud at rival Empresas La Polar SA will erode the industry’s profits.

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