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4 months ago
Walmex completes sale of clothing chain Suburbia to Liverpool
April 4, 2017 / 8:58 PM / 4 months ago

Walmex completes sale of clothing chain Suburbia to Liverpool

A worker moves a shopping cart outside a Wal-Mart store in Mexico City, August 15, 2012.Edgard Garrido

MEXICO CITY (Reuters) - 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.

Writing by Dave Graham

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