Alsea expands into clothing, cosmetics with Grupo Axo stake

06/24/2013 | Reuters

Restaurant operator Alsea, which runs chains including PF Chang's, Domino's Pizza and Burger King in Mexico, made moves to diversify into fashion and cosmetics retail with the acquisition of a 25% stake in Grupo Axo in a deal slated to close July 4. Grupo Axo markets international brands in Mexico, including Tommy Hilfiger, Coach, Guess and Sephora through 116 branded stores and 2,200 department store points of sale.

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