Divestiture • Retail

TJX Acquires Trade Secret

On July 28, 2015, TJX acquired retailer Trade Secret from Gazal for 80M AUD

Acquisition Context
  • This is TJX’s 4th transaction in the Retail sector.
  • This is TJX’s 3rd largest (disclosed) transaction.
  • This is TJX’s 1st transaction in Australia.

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M&A Deal Summary

Date July 28, 2015
Target Trade Secret
Sector Retail
Buyer(s) TJX
Sellers(s) Gazal
Deal Type Divestiture
Deal Value 80M AUD

Target Company

Trade Secret

Botany, Australia
Trade Secret is an online off-price retailer that enables users to shop for apparel, footwear, accessories and home fashions.
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Buyer Overview 1

Buyer

TJX

Framingham, Massachusetts, United States

Category Company
Founded 1962
Sector Retail
Employees364,000
Revenue 56.4B USD (2025)
DESCRIPTION
Entrance to TJX's corporate headquarters in Framingham, Massachusetts.
Entrance to TJX's corporate headquarters in Framingham, Massachusetts.

TJX are a collection of discount retail stores focused on apparel and home furnishings. Its brands include T.J. Maxx, Marshalls, HomeGoods, Winners, HomeSense, T.K. Maxx, and Sierra Trading Post. TJX was formed in 1962 and is based in Framingham, Massachusetts.


Deal Context for Buyer #
Overall 4 of 5
Sector: Retail 4 of 5
Type: Divestiture 2 of 2
Country: Australia 1 of 1
Year: 2015 1 of 1
Size (of disclosed) 3 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-12-21 Sierra Trading Post

Cheyenne, Wyoming, United States

Sierra Trading Post is an off-price Internet retailer based in Cheyenne, Wyoming.

Buy $200M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-19 Familia

Moscow, Russia

Familia is an off-price apparel and home fashion retailer that operates over 275 stores in Russia. The Company offers customers from over 90 Russian cities a wide assortment of women’s and men’s clothes, shoes, accessories and household goods. Familia was founded in 2000 and is based in Moscow, Russia.

Buy -

Seller Profile 1

SELLER

Gazal

Banksmeadow, Australia

Category Company
Founded 1958
Sector Apparel/Textiles
Revenue 51M AUD (2015)
DESCRIPTION

Gazal Corporation Ltd. is an apparel provider of casual wear, men's business shirts, intimate apparel and schoolwear sold under such brand names as Van Heusen, Calvin Klein, Body Nancy Ganz, Bisley, Midford and Bracks. Gazal Corporation was founded in 1958 and is based in Banksmeadow, Australia.


Deal Context for Seller #
Overall 1 of 1
Sector: Retail 1 of 1
Type: Divestiture 1 of 1
Country: Australia 1 of 1
Year: 2015 1 of 1

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