Brands For Less Group (“BFL”) is pleased to announce today the successful completion of the sale of a 35% stake in the company to The TJX Companies, Inc. (“TJX”).
Following this acquisition and to further strengthen the company’s leadership team, BFL announces the following leadership changes:
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Toufic Kreidieh will assume the role of Executive Chairman of the Board
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Yasser Beydoun will continue to serve as Executive Vice Chairman of the Board
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Ayman Beydoun will be appointed CEO of Brands For Less Group and will continue to serve as a member of the board
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Two senior executives from TJX will join the BFL Board of Directors
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