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Mexico's Alsea seeks to expand into new markets

Tuesday, June 25, 2013

Mexican restaurant operator Alsea announced on Monday its debut in the retail clothing market with the acquisition of a 25 percent stake in Grupo Axo.

Axo is a distributor and retailer of international clothing and cosmetic brands in Mexico.

Alsea, which operates restaurant chains including Domino's Pizza and Burger King in Mexico, said the acquisition would diversify the company's business portfolio, allowing for greater market penetration.

Source: Reuters