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Mexico's Walmex to sell clothes chain Suburbia

Tuesday, January 19, 2016

Mexican retailer Walmex said it has begun the process to sell clothing retail chain Suburbia, as part of its efforts to focus on its core business.

Walmex, the Mexican and Central American division of Wal-Mart Stores, said that the process was in an initial phase, and may ultimately not even result in a sale.

Source: Reuters