USТ TJX Companies sells off RussiaТs apparel retail chain Familia - Consumer Goods & Retail - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

USТ TJX Companies sells off RussiaТs apparel retail chain Familia

MOSCOW, May 29 (PRIME) -- The U.S.-based TJX Companies has sold off a 25% stake in RussiaТs off-price apparel retail chain Familia, TJX Companies said in a report on Monday.

УIn the 2023 financial year, ending on January 28, 2023, TJX Companies sold its stake in Familia to have impairment spending of U.S. $218 million,Ф the document read.

The stake was bought in 2019 for $225 billion. The founders of the chain Goldman Sachs and Baring Vostok were the other shareholders then.

End

29.05.2023 11:35
 
 
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