December 1, 2022 |
Mexico's Grupo Axo said Wednesday that it agreed to buy Chilean clothing retailer Komax for an undisclosed amount, according to a securities filing.
Komax operates 150 stores in Chile, Peru and Uruguay, including outlets for Gap, Banana Republic, Polo Ralph Lauren and The North Face among others, according to its website.
The acquisition requires regulatory approval, Grupo Axo said in the filing.
In July last year, Grupo Axo sold a 1% stake to private equity firm MXO Management for an undisclos
Mexican retail group adds 150 stores in Chile, Peru and Uruguay through the deal