Grupo Axo acquires C&A in Mexico

Grupo Axo acquires C&A in Mexico

M&A Equity Mexico Europe

Mexican retail group Grupo Axo has agreed to buy the local operations of the European clothing store C&A for an undisclosed amount, according to a securities filing. Grupo Axo said it came to an agreement with Delbora Investments and C&A Mode, the shareholders in C&A México, but added that the acquisition still requires approval from the anti-trust agency Cofece. Earlier this month, Grupo Axo agreed to acquire the businesses of US athletic shoe and apparel company Nike in Argentina,

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