Reinaldo Solari from Falabella dies

What: Reinaldo Solari, the former president of the retailer, has died at the age of 96. Undoubtedly, an outstanding professional who helped Falabella to take off internationally.

Why it is important: The executive assumed the direction of the group with his nephew, Juan Cúneo Solari in 1980. Both launched CMR, Falabella's credit card, and boosted international expansion in Peru, Argentina, Brazil and Colombia.