Éxito sells 12 stores in Argentina and strengthens its real estate business in the region
Almacenes Éxito reported that its subsidiary in Argentina, Libertad, signed a binding agreement with the anonymous company Importadora y Exportadora de la Patagonia, known as La Anónima, for the transfer of 12 stores and a distribution center.
TL;DR
- Almacenes Éxito's subsidiary in Argentina, Libertad, has signed a binding agreement to sell 12 stores and a distribution center to La Anónima.
- This divestment is part of Éxito's strategy to optimize its portfolio and transform its business, focusing on strengthening regional operations.
- La Anónima will hire all employees from the transferred stores and distribution center and will lease the properties.
- Grupo Libertad will retain ownership of its real estate assets, including approximately 300,000 square meters of leasable commercial area.
- Éxito will continue to operate in Argentina through its Paseo Libertad shopping centers.
- The company's real estate business in Argentina grew by 39.9% in 2025 (excluding exchange rate effects), with an 89.4% occupancy rate, which helped mitigate declining retail sales.
- Currency devaluation in Argentina impacted Éxito's revenue, causing a 38.9% decrease in Colombian pesos, but remained stable (+0.9%) when excluding exchange rate effects.