Empresas La Polar SA, the Chilean department store operator that is trying to avert its second bankruptcy in 12 years, plunged after it unveiled revised financial statements and its chairman said that figures it sent to regulators in the past were...
Empresas La Polar SA, the Chilean department-store operator under investigation for consumer- lending fraud, fell by a record after doubling an estimate for loan-loss provisions and naming its second chairman in a week.
Empresas La Polar SA, the Chilean department-store chain under investigation for consumer-lending irregularities, doubled its estimate for additional loan-loss provisions and said total charges may reach $1.14 billion.
Empresas La Polar SA rose a record 19 percent on speculation an investor will seek to gain control of the Chilean department-store operator after the stock reached a record discount to emerging-market retail peers.
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