TK Maxx and other fashion brands boycott Russia

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.

Through . Published on 10 March 2022 à 10h47 - Update on 14 March 2022 à 14h13

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,…