Cencosud

Based in Santiago, Cencosud is widely regarded as one of Chile's flagship retail operators. Its scale — about 137k people, around $18B in turnover — translates into genuine strategic weight across Latin America.

Digital reinvention is no longer a marketing line: it is reshaping unit economics across customer acquisition, supply chain and after-sales.

“Cencosud is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Governance upgrades and a more transparent disclosure cadence are gradually narrowing the historical valuation gap with global peers.