The TJX Companies (TJX) Partners With Axo for Mexico Expansion

The TJX Companies, Inc. (TJX) unveiled plans for a joint venture in Mexico with Grupo Axo, S.A.P.I. de C.V. ("Axo"). Notably, Axo operates global brands in Mexico and South America across various retail formats, encompassing full-price and discounted offerings.More on HeadlinesPer the agreement, TJX will hold a 49% stake, while Axo will have a 51% stake in the joint venture. The collaboration will incorporate Axo's existing off-price, brick-and-mortar retail operations in Mexico, encompassing more than 200 ...