DLA Piper Advises on the $225M Investment in Russia’s Retailer Familia by TJ Maxx owner


DLA Piper has acted as lead tax advisor to several shareholders of Familia, Russia’s leading off-price apparel and home fashions retailer, on the USD 225 million sale of a 25% minority ownership stake to The TJX Companies, Inc (TJX).

This investment gives TJX the opportunity to invest in Russia’s off-price apparel and home fashions retail market, which has significant potential for further growth.

The DLA Piper multijurisdictional Tax team was led by Moscow-based partner and Russia’s co-head of Tax, Igor Venediktov, and Luxembourg-based tax partner, Jacques Wantz, who were assisted by partner Drew M. Young and associates Joy Cheng and Robin Theuns in New York.

Familia is a fast-growing and sustainably profitable off-price apparel and home fashions retailer that operates over 275 stores in Russia. It was founded in 2000 and has become a pioneer in Russia’s off-price segment.

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