Walmex completes sale of clothing chain Suburbia to Liverpool

Industry: Retail 2017-04-06

Wal-Mart Stores Inc’s (WMT.N) Mexican unit said on Tuesday it had completed the sale of its clothing chain Suburbia to department store and shopping mall operator El Puerto De Liverpool (LIVEPOLC1.MX) for 15.7 billion pesos ($834 million).

The deal between the company known as Walmex and Liverpool was announced in August.

Source: Reuters.com

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