Wal-Mart Sells Mexico Clothing Chain to Liverpool for $1 Billion

  • 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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