2 August 20222 minute read

DLA Piper Mexico represents GAP in sale of Old Navy to Mexican retailer

DLA Piper Mexico represented GAP in the sale of Old Navy’s local operations to Mexican retailer, Grupo Axo, for an undisclosed amount.

Grupo Axo has the exclusive rights to more than 20 international retail brands in Mexico – including Calvin Klein, Coach and Guess – through licensing agreements and joint ventures.

“We are honored to support a key milestone for GAP’s business strategy in Mexico,” said Jorge Benejam, the DLA Piper partner who led the firm’s deal team. “The capabilities and strength of our Mexican practice group continue to elevate DLA Piper as one of the leading firms in the region, and we look forward to continuing that momentum serving clients wherever their needs arise.”

Alongside Benejam, the DLA Piper Mexico team was supported by senior associate Yesica Garduño, both of Mexico City.

With more than 1,000 corporate lawyers globally, DLA Piper helps clients execute complex transactions seamlessly while supporting clients across all stages of development. The firm has been rated number one in global M&A volume for 12 consecutive years, according to Mergermarket.

DLA Piper Latin America's Team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform. With over 400 lawyers practicing throughout Argentina, Brazil, Colombia, Chile, Mexico, Peru, and Puerto Rico, our teams frequently work with our professionals throughout the LatAm region, Iberian Peninsula, and around the globe to ensure our clients receive the depth of service they require to meet their legal and business objectives.