February 21, 2020
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,
Mexican retail group agrees to buy the European clothing store's local operations for an undisclosed amount