Cencosud acquires Peru's Wong

SANTIAGO, CHILE: Chilean retailer Cencosud has agreed to acquire the supermarket and shopping centre operations of Peru's largest retailer, Wong, in a $500m deal. Wong operates about 50 stores in the country, including hypermarkets, superstores, supermarkets and non-food discount stores. The move marks Cencosud's debut in the Peruvian market. It now has a presence in five countries in Latin America