TJX Companies to acquire a 35% stake in Brands for Less for $360m.

TJX Companies, an American multinational off-price department store corporation, agreed to acquire a 35% stake in Brands for Less, a major off-price branded apparel, toys, and home fashions retailer based in Dubai, for $360m. “Over the past 28 years, we have built the region’s leading off-price retailer of fashion, homeware and toys. We are thrilled and honored to have TJX as an investor and we thank TJX CEO and President Ernie Herrman and his leadership team for placing their trust in our business. This is an exciting opportunity for growth, and with TJX’s international expertise, we are well placed to successfully execute our strategy while supporting the development and rewarding the dedication of our employees,” Toufic Kreidieh, Brands For Less Executive Chairman and Co-Founder.