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Walmex sells Suburbia clothing unit for US$853.3m

2016-08-11 14:03:00| Daily apparel & textile news and comment - from just-style.com

Supermarket retailer Wal-Mart de Mexico, known locally as Walmex, has agreed to sell its Surburbia apparel division to Mexico's biggest department store chain, El Puerto de Liverpool SAB, for MXN15.7bn (US$853.3m) in a move it says will allow it to focus on its core business.

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Category:Consumer Goods and Services

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