El Palacio de Hierro to open new Mexico City store

What: El Palacio de Hierro is set to open a new store in the mixed Mitikha residential and shopping complex in the Coyoacán area in southern Mexico City

Why is it important: The unit comes as the chain continues to expand and refurbish stores, having recently spent USD 98 million to build the Mitikha store and remodel two of its Perisur and Santa Fe locations.