BlackRock to invest in Grupo Axo.

BlackRock agreed to invest in Grupo Axo, a Latin American multi-brand retail platform and partner to global fashion brands. The funds and accounts managed by BlackRock join Grupo Axo’s global investor base, including existing shareholder General Atlantic. Financial terms were not disclosed. "We are honored to welcome funds and accounts managed by BlackRock to our investor base as we focus on the sustained growth of the business in Latin America and across channels. Over the past year, the acceleration of our digital offering, combined with our omnichannel strategy, has consolidated Grupo Axo’s position as a key e-commerce fashion player in the region. We are energized by the potential for Grupo Axo to continue strengthening our expertise and footprint as the partner of choice for global brands operating in Latin America," Andres Gomez, Grupo Axo Co-CEO.