12 / 01 / 22
SMPS Legal advised Grupo Axo in the acquisition of Komax Chile and its subsidiaries in Peru and Uruguay.
MEXICO CITY, MEXICO, December 1st, 2022 – Grupo Axo is the Mexican leading company in the representation of apparel, accessories and houseware brands. Today the company is consolidated as the reliable and undisputed reference for all brands and partners who wish to build a successful business story in Latin America.
SMPS Legal provided tax advice for the acquisition of Komax Chile and its subsidiaries in Peru and Uruguay. Komax, with more than 32 years of experience, is dedicated to retail in the categories of clothing, shoes and accessories through its various channels. The company is present in Chile, Peru and Uruguay and currently operates more than 150 stores. Its portfolio includes international brands such as The North Face, Gap, Banana Republic, Marmot, DC Shoes, Brooks Brothers. Komax also operates its own brands and has developed multi-brand concepts that are leaders in their respective markets. It is important to mention that this acquisition will be subject to closing conditions common to these types of transactions, including obtaining governmental approvals. In addition, no significant changes in the company’s leverage levels are expected.
Through this acquisition, Grupo Axo will be able to position as a leader in Latin America with a platform that will facilitate the expansion of their portfolio and the inclusion of new brands in the future.