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SMPS Legal advised Grupo Axo in Joint Venture with TJX Companies, Inc. looking to expand operations in Mexico
MEXICO CITY, MEXICO, June 24th, 2024 – Grupo Axo is the leading multi-brand and multi-channel company within the field of fashion, accessories, footwear, beauty and personal care. They are the distributors of more than 50 internationally recognised brands in Mexico, Chile, Peru and Uruguay through physical and online stores, in full-price and off-price formats.
SMPS Legal advised Grupo Axo on tax matters regarding the cross-border acquisition by TJ Maxx of 49% of the shareholdings in Multibrand. The TJX Companies, Inc., a Fortune 100 company, is the leading off-price retailer of apparel and home fashions in the U.S. and worldwide, seeking to expand its business through this Joint Venture in Mexico.
This transaction, as most transactions of this type, is subject to the fulfilment of certain conditions before closing.