TJX Closes Trade Secret Acquisition
October 26, 2015,
FRAMINGHAM, Mass.-The TJX Cos. has completed its acquisition of Trade Secret, the Australian off-price retailer that operates 35 stores in Australia, from Gazal Corp.
The purchase price was AUD$80 million (about $57.7 million), subject to customary post-closing adjustments. Trade Secret operates 35 stores in the provinces of Queensland, New South Wales, Victoria and The Capital Territory. The retailer offers home fashions; branded apparel for women, men and children; footwear; and accessories.