Wal-Mart Sells Mexico Clothing Chain to Liverpool for $1 BillionBy
Transaction includes assumption of debt, shareholder payout
Deal lets Wal-Mart de Mexico focus on core operation
Wal-Mart Stores Inc.’s Mexican unit agreed to sell its Suburbia clothing chain to El Puerto de Liverpool SAB, Mexico’s biggest department store chain operator, in a deal valued at 19 billion pesos ($1.03 billion).
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