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.
