Reported about 2 months ago
TJX Cos., the parent company of T.J. Maxx, has acquired a 35% stake in Dubai-based Brands for Less for $360 million. This investment aims to enhance its presence in rapidly growing markets across the Middle East and beyond, supporting Brands for Less in expanding its store count from over 100 locations. The acquisition reflects the ongoing trend of mergers and acquisitions in the region as companies work to diversify their economies.
Source: YAHOO