Grupo Palacio de Hierro SAB De CV is a Mexico-based holding company primarily engaged in the retail sector. The Company’s main activities include the operation of a network of department stores, outlets, home furnishing and accessories stores, Boutiques Palacio, boutiques, independent restaurants, bistros, restaurant-stores, travel agencies and beauty clinics; as well as a number of restaurants and travel agencies integrated in some of the stores. The Company is also involved in the real estate, through the management and operation of shopping centers located in Coyoacan, Polanco, Puebla and Monterrey. In addition, it offers sales financing services and consumer credits to its clients.