Announced
Completed
Financials
Tags
Completed
Russian Federation
home fashions retailer
off-price apparel retailer
Apparel Retailers
Private
Minority
Acquisition
Single Bidder
Friendly
Private Equity
Synopsis
TJX, off-price apparel and home fashion retailer, completed the acquisition of a 25% stake in Familia, major off-price apparel and home fashions retailer that operates exclusively in Russia, for $225m. This transaction gives TJX an opportunity to invest in an established, off-price retailer with significant growth potential in the Russian market. The Company’s ownership in Familia is expected to be slightly accretive to earnings per share beginning in Fiscal 2021.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.