Online travel agency Despegar (Despegar.com) has acquired the network of travel agencies held by its Chilean counterpart Falabella, with assets in Chile, Colombia, Peru and Argentina, in a transaction valued at US$27 million and whose objective will be to increase the brick-and-mortar footprint of Despegar throughout the continent.
The agreement involves a ten-year commercial agreement, during which both companies will operate a multi-channel business, with Despegar operating within Falabella’s physical network, while Despegar will continue with the Chilean operator CMR’s loyalty program.
“We are delighted to have entered into this agreement with Falabella, which will allow us to further strengthen our leadership position in the Latin American travel market …”, said Despegar CEO, Damián Scokin, in an interview for tech portal FayerWayer.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI