Tuesday, June 15, 2021

Logo Central America Link

Walmex to sell apparel chain unit for $852 million

Thursday, August 11, 2016


Wal-Mart de México y Centroamérica, known as Walmex, has agreed to sell its chain of apparel stores Suburbia to Mexican department store chain Liverpool for $852 million.

The move comes as Walmex seeks to streamline its operations in its largest market outside the U.S.

The deal includes 119 Suburbia stores across Mexico.

Full story in Spanish