TK Maxx and other fashion brands boycott Russia

Featured image of the article TK Maxx and other fashion brands boycott Russia
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Publication

8 March 2022 à 15h58

Updated on 14 March 2022 à 14h13

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2 minutes

Publication: 8 March 2022 à 15h58, Updated on 14 March 2022 à 14h13

Reading time: 2 minutes

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Following Moscow's invasion of Ukraine, TK Maxx is selling its stake in the Russian retailer Familia. Another American has been added to the list of fashion brands suspending activities in Russia.
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Publication

8 March 2022 à 15h58

Updated on 14 March 2022 à 14h13

Reading time

2 minutes

Publication: 8 March 2022 à 15h58, Updated on 14 March 2022 à 14h13

Reading time: 2 minutes

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The American TJX Companies (turnover of US$48.5 billion in 2021, up by 16% vs 2019), owner of the low-cost fashion chain TK Maxx, has put up for sale the 25% share of the Luxembourg company Familia, owner of 400 fashion stores in Russia.

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