Calderon Confecciones, mainly a man’s clothing manufacturing and retail seller, opens its first store.

A semiautomatic credit system begins operating in every store.

The first Ripley store under the department store format is opened.

The first Ripley store in a mall was opened in Parque Arauco, which implied a profound and successful brand repositioning for Ripley.

The first Ripley store outside of Chile, Ripley Jockey Plaza was opened in Peru. Also, CAR S.A. is created to manage the credit business and to strengthen customer services.

The operation of Financiera Cordillera (Financor) is authorized in Peru, created to offer credit cards to Ripley customers.

Ripley starts its e-business though its website www.ripley.cl and the operation of Corredora de Seguros Ripley is authorized, while in Peru Financor starts operating.

Ripley Bank Chile starts its operations

Ripley Chile S.A. issues its first bond in the local market

In July 14th, Ripley Corp opened 15% of its property in the stock market.

Ripley Corp issues it first local bond for a total amount of approximately UF 6 million. Also Aventura Plaza S.A. was created to develop shopping centers in Peru and the first store outside Lima was opened in Trujillo in the first shopping mall owned by Aventura Plaza S.A.

Aventura Plaza Bellavista opened in Peru. Meanwhile Ripley Chile opens a new distribution center, with a surface of 60.000 m², becoming the most modern one in South America. Also, a bond was placed in Peru for an amount of S/ 110 million (US38 million app).

Ripley acquires the 22.5% of the property of Nuevos Desarrollos S.A., owner of Plaza Alameda and Plaza San Bernardo shopping centers. On the other hand, Ripley Chile issues a bond for UF 3 million in the local market.

Beginning of operations in Colombia starting 2013 is announced. Mall Concepcion is opened in Chile, a mall completely owned by Ripley. Two new malls opened through JVs, Nuevos Desarrollos S.A. (Plaza Mirador Bío Bío) and Aventura Plaza S.A. (Santa Anita).

The shopping center Plaza Egana is opened through the JV Nuevos Desarrollos S.A. Also, in Chile the entire financial operation is consolidated under Ripley Bank.

Ripley Bank Chile issues its first bond. Also, the credit risk rating agencies of Ripley Bank Chile, Fitch Ratings and Feller Rate upgraded the bank up to A+.

The closing of operations in Colombia is announced. Ripley Bank Chile’s credit rating is upgraded to “A+” y “N1”, while Ripley Bank Peru’s outlook is improved from de “A+/Stable” to “A+/positive”, according to Apoyo & Asociados credit rating agency.

Ripley reaches 50% of the ownership of en Inmobiliaria Mall Vina del Mar S.A., after acquiring 16.67% from Cencosud. The definitive closing of operations in Colombia was carried out in May. On the other hand, the division of Aventura Plaza S.A. in Peru was executed during the month of June, as a results of the previous, a new subsidiary of Ripley, Mall Aventura S.A., was created to continue developing shopping centers in said country independently. Additionally, the intention of association between the Mexican retailer El Puerto de Liverpool and the Calderon Volochinsky family was announced. Finally, during the month of December Ripley Bank Chile issued CLP 27,370 million, though a private bond auction.

Ripley Corp has bond issuances for a total amount of UF 7 million during the year, while Ripley Bank Chile issues around CLP 80,000 million in bonds and Ripley Bank Peru issues S/ 369,4 million in financial instruments. These issuances were carried out in their respective local markets. The total amount of financial instruments issuances of Ripley Corp and it subsidiaries during the year 2017 was for approximately CLP 339,000 million. On the other hand, the end of the intention of association between the Mexican retailer El Puerto de Liverpool and the Calderon Volochinsky family was announced. In Chile, stores in San Fernando, Los Dominicos, Coquimbo and Outlet Buenaventura were opened, while in Peru the remodeling of Jockey Plaza store was completed, celebrating 20 years of operations in Peru.

Ripley Corp and Ripley Chile improved their credit risk ratings to A+. In April, our associate Nuevos Desarrollos S.A. inaugurated Mall Plaza Arica. In August, the expansion of Mall Aventura Arequipa started operations and the construction of the expansion of Mall Aventura Santa Anita began. Likewise, Ripley Corp became part of the S&P Chile index (S&P /CLX IPSA), which replaces the previous IPSA.

During the year Mall Aventura began the construction of its malls in Chiclayo, Iquitos and San Juan de Lurigancho in Lima, Peru. In August, Ripley Corp sold Mall del Centro de Concepción S.A. to Inmobiliaria Mall Viña del Mar S.A., generating an after-tax profit of $49,859 million.

We are facing a new situation due to the spread of COVID-19 worldwide, an emergency that is causing a great impact in the world and in the Chilean and Peruvian economies. In this context, our operating stores follow all the sanitary protocols requested by the authority to care for our customers and employees. On the other hand, digital sales have had a historical growth in this period. To face this new context, Ripley took measures that aim to have a
management that allows the sustainability of the company in the long term and the protection of its employees.