follow us

Bed Bath & Beyond to enter Mexico in j.v.  

Union, N.J. – Specialty retailer Bed Bath & Beyond has formed a joint venture with privately held Mexican home goods retailer Home & More, S.A. de C.V.

By way of investing $4 million, BBB is a 50% equity partner in the new entity now operating two Home & More stores in Mexico City, the U.S. retailer said. Merchandise lines at Home & More include textiles, furnishings and giftware.

Marc Monsonego, ceo of Home & More, said, “Our management team is eager to combine Bed Bath & Beyond's success – the culture, merchandising strategies and superior customer service – with our proven track record in Mexico.”

“Following on our successful entry into Canada, we are excited to be entering Mexico with the strong management team of Home & More as our partners. We believe their depth of retail experience and local knowledge in Mexico supports our partnership's short and long-term prospects for growth within Mexico,” said Steven Temares, ceo of BBB.

BBB said the j.v. “will not have a material effect on its overall results or financial condition for fiscal 2008.”

Featured Video

Other Home Furnishings Sites

Casual Living
Furniture Today
Gifts and Decorative Accessories
Home Accents Today
Kids Today
HFN - Home Furnishings News