The American TJX left the number of co-owners of the Russian network of discount Familia stores. She owned 25% of the retailer.
No information about who received the TJX Companies share is being disclosed. A year ago, the company was ready to cancel its $218 million stake, Kommersant writes.
- Familia was founded in 2000 as a chain of department stores, gradually developing a new retail format for Russia – discount, popular in the US and Europe. Now the company has more than 420 stores throughout Russia, and Familia also operates in Belarus.
- In 2019, 25% of Familia was acquired by the American TJX Companies (which also operates in the off-price segment). Other co-owners of the network are its founders, as well as the Goldman Sachs and Baring Vostok funds. In June 2021, Familia’s plans to make an initial public offering were disclosed.
- In April 2023, the parent structure of Familia changed its jurisdiction in Luxembourg to the UAE. According to the Dubai International Financial Center (DIFC) website, Veliada, a Baring Vostok structure, is still among Familia’s co-owners.
Author:
karina pardaeva
Source: RB
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