DLA Piper has acted as lead tax advisor to several shareholders of Familia, Russia’s leading off-price apparel and home fashions retailer, on the USD 225 million sale of a 25% stake to the TJX Companies Inc.
According to DLA Piper "this investment gives TJX the opportunity to invest in Russia’s off-price apparel and home fashions retail market, which has significant potential for further growth."
Familia is an off-price apparel and home fashions retailer that operates over 275 stores in Russia. It was founded in 2000.
The DLA Piper team was led by Moscow Partner Igor Venediktov and Luxembourg Partner Jacques Wantz, assisted by New York Partner Drew Young and Associates Joy Cheng and Robin Theuns.
DLA Piper did not reply to our inquiry on the matter.