Zug, Switzerland, 28 November, 2023 – COFRA Holding AG (“COFRA”) today announces the completion of the sale of C&A México, S. de R.L. (“C&A Mexico”) to Grupo Alfar S.A. de C.V. (“Grupo Alfar”), following approval from the Federal Commission of Economic Competition of Mexico (Comisión Federal de Competencia Económica).

The C&A brand has been licensed to Grupo Alfar as part of the sale agreement.

The transaction specifically and exclusively pertains to C&A México, S. de R.L. and does not include any other C&A entity or invested company in any other jurisdiction outside Mexico.

Financial details of the transaction will not be disclosed.