TJX completed the acquisition of 25% stake in Familia for $225m.

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.