363
Fashion Jobs
UNDER ARMOUR
Associate, HR Administration
Permanent · SEOUL
ARKET
Visual Merchandising Manager
Permanent · BUSAN
PUIG
Marketing Manager
Permanent · SEOUL
JAEGER
[Jaeger Lecoultre] Marketing & Communication Director
Permanent · SEOUL
ESTÉE LAUDER COMPANIES
Corporate Account Executive For Travel Retail Korea, Estee Lauder Companies
Permanent ·
ESTÉE LAUDER - BRAND
Assistant Education Manager, Estee Lauder
Permanent · SEOUL
L'OREAL GROUP
[l'Oreal Korea] Luxe Div. - Lancome E-Commerce Specialist
Permanent · SEOUL
COS
Instore Visual Merchandiser Manager_seoul/Gyeonggi
Permanent · SEOUL METROPOLITAN AREA
AESOP
Shinsegae Gwangju - Retail Consultant
Permanent · GWANGJU
COACH
Manager, Ecommerce
Permanent · SEOUL
ADIDAS
Manager, Business Planning & Analysis, Wholesales
Permanent · SEOUL
HENKEL
Adhesive Key Account Manager For Sports And Fashion Market
Permanent · BUSAN
HENKEL
Consumer Brands General Manager Assistant
Permanent ·
HYPEBEAST
Brand Partnership Manager
Permanent · SEOUL
ADIDAS
Manager, Retail Marketing - Originals, Brand Adidas
Permanent · SEOUL
ADIDAS
Manager, bu - Football Apparel, Brand Adidas
Permanent · SEOUL
SWAROVSKI
District Manager (Travel Retail)
Permanent · SEOUL
SHISEIDO
E-Key Account Manager, Cosmetics&Fragrance (Korean Only)
Permanent · SEOUL
ADIDAS
sr. Manager, Process Excellence & Analytics, Scm
Permanent · SEOUL
ADIDAS
Director, Performance Management/s&op
Permanent · SEOUL
LEVI'S
DTC Assistant Marketing Manager
Permanent ·
AMORE PACIFIC
[경력] '24년 Amorepacific_기술기획 직무 채용
Permanent ·
Translated by
Barbara Santamaria
Published
Oct 24, 2017
Reading time
2 minutes
Download
Download the article
Print
Text size

Alsea completes sale of stake in Grupo Axo

Translated by
Barbara Santamaria
Published
Oct 24, 2017

Alsea has announced that it has completed the sale of its minority stake in Mexican fashion retailer Grupo Axo to private equity firm General Atlantic for 1.6 billion pesos ($55m).


Grupo Axo distributes and markets brands such as Tommy Hilfiger and Victoria's Secret in Mexico. - Narcity.com


“[Alsea] announces that it has successfully concluded the process of selling its minority interest in Grupo Axo's share capital and the agreement entered into with General Atlantic to acquire Alsea's minority interest in Grupo Axo’s subsidiaries in Chile,” said a statement from Alsea.

Meanwhile, Axo, which distributes brands such as Victoria’s Secret and Tommy Hilfiger in Mexico, said the new investor will drive success and growth for the business.

Grupo Axo announced at the end of May a strategic growth investment from General Atlantic, a leading global growth equity firm which has previously partnered with labels like Tory Burch and Snapchat.

The partnership was secured after Alsea agreed to sell its 25% stake in the company. It had acquired the stake in June 2013.

Founded in 1994 and headquartered in Mexico City, Grupo Axo had more than 4,570 points of sale in department stores and more than 500 boutiques in Mexico and Chile by the end of the second quarter. It sells brands including Abercrombie & Fitch, Bath & Body Works, Brooks Brothers, Brunello Cucinelli, Express, Guess, Hollister, Kate Spade, Tommy Hilfiger and Victoria's Secret.

General Atlantic, established in 1980 and headquartered in New York, is a leading global growth equity firm that provides capital and strategic support for growing businesses. Currently, the company employs more than 100 investment professionals based in New York, Amsterdam, Beijing, Greenwich, Hong Kong, London, Mexico City, Mumbai, Munich, Palo Alto, São Paulo, and Singapore.

Copyright © 2024 FashionNetwork.com All rights reserved.