Obituary
Horst Paulmann, Billionaire Who Built Retail Empire, Dies at 89
- He founded Chile’s Cencosud, South America’s largest retailer
- Competitive, demanding executive led the company until 2021
Horst Paulmann, the German-born billionaire who founded South America’s largest retailer by sales, Chile’s Cencosud SA, has died. He was 89.
He died peacefully in his sleep on Tuesday in Germany, his family said. “His vision and leadership left an indelible mark on the country and on thousands of employees,” the company said in a statement.