TJX Companies forms a 49%-51% joint venture with Grupo Axo for off-price retail in Mexico.

TJX Companies, a US off-price retailer, announces a joint venture with Mexico's Grupo Axo, where TJX will own 49% and Axo will own 51%. The venture includes Axo's off-price, physical store business in Mexico, comprising 200+ stores for Promoda, Reduced, and Urban Store banners. The deal is subject to antitrust clearance and other closing conditions, with financial terms to be announced post-closing.

7 months ago
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