Simpson Thacher represented Grupo Axo, S.A.P.I. de C.V. in connection with a debut Rule 144A/Regulation S offering of US$325 million aggregate principal amount of 5.75% Senior Notes due 2026.
Grupo Axo, S.A.P.I. de C.V. is a Mexican multi-brand, fashion platform with 27 years of experience distributing and operating a portfolio of nationally and internationally recognized brands, including, among others, Tommy Hilfiger, Coach, Calvin Klein, Abercrombie & Fitch, Guess, Nike and Victoria’s Secret. Grupo Axo also owns the leading off-price retailer in Mexico, as well as a subscription based off-price online marketplace and the leading streetwear sneaker platform in Mexico. The company operates 14 online stores for its brands and nearly 5,700 points of sale, including retail stores, corners in department stores and shop-in-shops.
The Simpson Thacher team for the offering included Todd Crider, Kirsten Davis and Enrique Güijosa (Capital Markets – Latin America); and Andrew Purcell and Suzy Yaster (Tax).