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Grupo Palacio de Hierro, S.A.B. de C.V., together with its subsidiaries, operates department stores in Mexico. It offers men, women and children clothing, shoes, accessories, and jewelry; cosmetics; perfumes; household items, furniture, toys, records, and books; and sporting goods. It operates restaurants and boutiques; and manages and leases commercial premises. In addition, the company offers credit cards. The company was founded in 1888 and is based in Mexico City, Mexico.