The tjx companies, inc. announces plans for a joint venture in mexico with grupo axo

Framingham, mass.--(business wire)--the tjx companies, inc. (nyse: tjx), the leading off-price apparel and home fashions retailer in the u.s. and worldwide, today announced that it has entered into a definitive agreement for a joint venture with grupo axo, s.a.p.i. de c.v. (“axo”) an operator of global brands in mexico and south america that includes both full- and off-price formats. under the terms of the agreement, tjx would own 49 percent and axo would own 51 percent of the joint venture. th.
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