Boston Business Journal

TJX to Sell Stake in Russian Retailer, Citing Ukraine Invasion

The Framingham-based parent company of TJ Maxx and Marshalls said in a filing Thursday that is will sell its stake in a Luxembourg-based company that bills itself as "the first and only chain of off-price stores in Russia."

TJX Companies (NYSE: TJX) said in the filing that "Given the recent Russian invasion on Ukraine (the company) has committed to divesting its equity ownership in Familia in support of the people of Ukraine."

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