Grupo Axo Announces Equity Investment From Funds And Accounts Managed By Blackrock To Fuel Continued Growth
Grupo Axo Announces Equity Investment From Funds And Accounts Managed By Blackrock To Fuel Continued Growth
05/19/21, 1:57 AM
Grupo Axo, a leading Latin American multi-brand retail platform and partner to global fashion brands, today announced an equity investment from funds and accounts managed by BlackRock. Grupo Axo will leverage the new funds to continue its expansion across Latin America as a premier brand steward and operator, with a particular focus on continuing the expansion of its digital channels. The funds and accounts managed by BlackRock join Grupo Axo’s global investor base, including existing shareholder General Atlantic.
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Grupo Axo is a Latin American premier partner to global fashion brands. Founded in Mexico in 1994, Grupo Axo leverages more than 26 years of experience in brand stewardship across the retail, wholesale, and e-commerce channels to serve as a multi-brand operator and distributor for its leading global client base, including Abercrombie & Fitch, Bath & Body Works, Brooks Brothers, Brunello Cucinelli, Calvin Klein, Coach, Crate and Barrel, Guess, Hollister, IZOD, Laces, Lust, NIKE, PVH Heritage Brands, Rapsodia, Speedo, TAF, Tommy Hilfiger, TAF Kids, Victoria´s Secret, and Warner's. Grupo Axo operates more than 5,500 retail and wholesale points of sale across Latin America. The company also owns and operates Promoda, a leading Mexican off-price retailer, and Privalia, an off-price multi-brand e-commerce retailer, as well as Reduced, Rewind, and Urban Store, additional off-price store concepts.