Arezzo already operates six stores in the U.S., mainly for its Schutz and Alexandre Birman labels.
The luxury retailer has had its assets blocked by the government for allegedly not paying its taxes.
The funds will go toward IT, logistics and store openings.
Analysts believe the victory could boost the economy — and thus help retailers — but designers worry the new president’s far-right policies could impact creative freedom.
President Trump on Monday renewed threats to cut off aid to Honduras, Guatemala and El Salvador in response to the 7,000-strong caravan.
The Sears banner accounts for the lion’s share of Grupo Sanborns’ sales, with 47 percent. Its 95 stores operate in 837,000 square meters, or a total of 9 million square feet.
The deal to replace the North American Free Trade Agreement is expected to have little impact on the U.S.’ northern neighbor.
The proposed U.S.-Mexico-Canada trade pact sets tougher intellectual property protection rules, which would help fashion brands protect their trademarks in Mexico.
The market is struggling as a result of the election of a new president and uncertainty over NAFTA.
Perhaps the biggest triumph of the bilateral agreement is a separate enforcement chapter to tame a ballooning contraband and subvaluation trade.
Both companies aim to boost their working capital amid political uncertainties in Mexico and Brazil.
The president-elect’s anti-corruption pledge and promise to fund training programs gives Mexican apparel and textile firms hope they can turn around their fortunes.