Grupo Axo to increase by 20% following acquisition of C&A in Mexico

Grupo Axo delivers growing forecasts. The acquisition of the C&A business in Mexico will boost its growth by 20%, according to analysts, keeping their forecasts up.

The fashion company did not want to comment on the transaction, but analysts estimate that the purchase of C&A could be around one hundred million dollars. The group will operate with the brand in Mexico.

The group Axo is currently is immersed in a buying phase. Last July, Axo also bought the business in Mexico of the Spanish platform Privalia, with which it planned to increase its sales by 20% and strengthen its online channel.  

Grupo Axo, owned by the US General Atlantic fund since 2017, also owns the Promoda outlet chain and adds a commercial network of almost 750 stores and more than a thousand points of sale in department stores and multi-brand stores in its local market and in Chile.