TJX Companies to Acquire Australian Retailer Trade Secret

The TJX Companies today announced that it's signed a definitive agreement to purchase Trade Secret, an off-price retailer that operates 35 stores in Australia, from Gazal Corporation Limited  for a purchase price of (AUD) $80 million. The potential acquisition of Trade Secret provides TJX an opportunistic entry into Australia, where TJX currently operates one of its 13 buying offices. TJX expects the transaction, which has customary conditions to closing, to be consummated by the end of calendar 2015.