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Cencosud Reports Fourth Quarter Profits Up 7%, Net Income Down 35.7%

Cencosud S.A. (BCS: CENCOSUD; NYSE: CNCO), the Chile-based  retailer with presence in five countries, including Colombia, announced Friday its consolidated financial results for the fourth quarter and year-end of 2014. All figures are in Chilean pesos (CLP), except where...
Posted On March 28, 2015
, By Loren Moss
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Bancolombia Wins IDB Sustainable Banking Award For Its BanCO2

The Inter-American Development Bank (IDB) announced in Korea today the winners of the fifth annual beyondBanking awards, which recognize best projects and initiatives in the region contributing to the creation of a more sustainable financial sector. The awards were given in a...
Posted On March 27, 2015
, By Loren Moss
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Countdown Begins To F-Air Colombia 2015 Aeronautical Trade Show

Yesterday evening in Bogotá’s Corferias Convention Center, an reception attended by civilian officials, police and military brass from several different countries formally launched the preparatory phase for the 2015 F-Air Colombia International Air Show, to take place from July...
Posted On March 20, 2015
, By Loren Moss
Daniel Nieves - Grupo Char's EVP, Lina Chaar - Grupo Char's Director and Peter Tropoli - Luby's, Inc. COO celebrate a partnership to bring Fuddruckers fast casual brand to Colombia at a recent press conference in South America. The event was also attended by Jeff Hamilton, Commercial Attache U.S. Embassy, Bogota, Colombia (PRNewsFoto/Fuddruckers)
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Fuddruckers Fast Casual Restaurants Entering Colombia With New Franchise Partner Grupo Char’s

Houston, Texas-based Luby’s Fuddruckers Restaurants, LLC has finalized a new development agreement that will extend the fast casual hamburger restaurant group’s base in South America.  A partnership with Grupo Char’s calls for an initial restaurant opening in Bogota,...
Posted On March 20, 2015
, By Loren Moss
One of Avianca new 787s at Medellin's Airport
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Avianca Takes Delivery of 4 Boeing 787-8 Dreamliners. More To Come

In December 2014, and in just 13 days, Avianca received delivery of its first four Boeing 787 Dreamliner aircraft. This signals the end of the first phase of incorporation of the Dreamliners. The remaining aircraft will be incorporated into the fleet between 2015 and 2019....
Posted On January 7, 2015
, By Loren Moss
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